USDJPY Could Top very soon amid NFP data
Hi Traders, Here are four scenarios I expect for USDJPY reacting to Oct NFP data later today:
1. NFP beats expectation by 50k+ jobs - USDJPY is going to run skyhigh with ample of follow through with
Dec rate hike expectation rise. not likely though
2. NFP/unemployment rate/rate change are just slightly better than expected - USDJPY pop and drop,
122.50-12.2.70 could be resistence (this is the most likely case IMO)
3. weaker than expected in general - USDJPY will chop sideways as market will not expect a large drop in
Dec rate hike.
4. much weaker than expected - USDJPY a definite sell if this is the case.
In general, I'm looking to short USDJPY sooner or later.
Good Luck!
1. NFP beats expectation by 50k+ jobs - USDJPY is going to run skyhigh with ample of follow through with
Dec rate hike expectation rise. not likely though
2. NFP/unemployment rate/rate change are just slightly better than expected - USDJPY pop and drop,
122.50-12.2.70 could be resistence (this is the most likely case IMO)
3. weaker than expected in general - USDJPY will chop sideways as market will not expect a large drop in
Dec rate hike.
4. much weaker than expected - USDJPY a definite sell if this is the case.
In general, I'm looking to short USDJPY sooner or later.
Good Luck!
Trade ativo
entered at 122.50, stop at 123.50
Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.