Today's
Chart: USD/JPY ( 4 HOURLY )
OVERVIEW:
USD/JPY is consolidating on higher levels with a negative bias . It
is taking support of the trend line & has tested it many times.
Prices are consolidating on this level & if breaks 101.75 then we
can see it till the levels of 101.40 & 100.80 also. MACD is also
sustaining below the 0 level line & indicating the further down
trend . The major economic event scheduled for the pair today are
Core Durable Goods Orders m/m & Final GDP q/q at 12.30 PM GMT
STRATERGY
:
USD/JPY is consolidating on the levels with a negative bias &
looking weak on charts & good for selling. One can go for sell
on higher levels strategy for this pair for intra day to mid term
positions.
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