7/29 Market analysis and FOMC points of interest
Good morning.
This is Ere.
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Yesterday, the Nikkei average rose to the upper bound of the channel and made a beautiful rebound.
It rebounded at the channel upper bound and reached a horizontal level of 22,500 yen.
Another USD/JPY that I started posting about about 10 days ago
has finally touched.
For now, I'll place a take-profit here and wait for the right timing again.
Next is the pon-yen

It fell to 135.32 and nicely rebounded within the channel.
This is a position I want to hold with a stop placed at the channel breakdown.
Now, I think I'll write today's analysis.
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