The dollar has been getting weaker and weaker. Yen are looking to hike interest rates.
Downwards daily channel.
Strong daily resistance.
Strong fundamental backing to go short.
Price would have to go 200 pips which is more than its current daily ATR to get to the next strong daily support/resistance further up if this structure isn’t strong enough but I don’t feel dollar has the strength to get up there.
Once London and US market open I do believe we will see selling to the downside.
Downwards daily channel.
Strong daily resistance.
Strong fundamental backing to go short.
Price would have to go 200 pips which is more than its current daily ATR to get to the next strong daily support/resistance further up if this structure isn’t strong enough but I don’t feel dollar has the strength to get up there.
Once London and US market open I do believe we will see selling to the downside.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.