Long or Short? Monday we'll probably have the answer
Despite the U.S.A assassination which caused a tailspin in the markets, the dollar finds support at the bottom of consolidation area which is a bullish sign.
But, it is a very sensitive situation as the world awaits for the Iranian response which will probably will cause the dollar to fall again in such case.
We will be watching the dollar closely and if we decide to enter this trade - it must be with great caution.
As the chart displays, if it breaks down the trend-line it is a bearish sign; and we can almost definitely say it is the start of a downfall.
Otherwise, it might be a good bullish sign, at least until the next resistance Fibonacci line.
USDJPY
But, it is a very sensitive situation as the world awaits for the Iranian response which will probably will cause the dollar to fall again in such case.
We will be watching the dollar closely and if we decide to enter this trade - it must be with great caution.
As the chart displays, if it breaks down the trend-line it is a bearish sign; and we can almost definitely say it is the start of a downfall.
Otherwise, it might be a good bullish sign, at least until the next resistance Fibonacci line.
USDJPY
