FX Today's Trade Strategy 8/22
〇EURUSD Euro Dollar
・Friday's Trade
Friday moved in a range around the previous day's low near 1.0080, then broke lower, but I couldn't timing it well and did not trade.
・Market Environment and Today’s Strategy
The strong downtrend from last week continues, but a potentially strong support at 1.0 is approaching.
Even if it breaks last week's low of 1.003, the support is a concern.
Depending on how it breaks, there may be entries, but I am not inclined to short aggressively.
If it declines to 1.0 and holds, consider a long.
〇USDJPY Dollar/Yen
・Friday's Trade
Continuing strong uptrend, so entered on the morning break of the previous day's high.
Held until night for around +78 pips in profit.
・Market Environment and Today’s Strategy
The level that seems pivotal is the weekly high at 137.0.
Various moving averages are rising with angles.
Today, focus on price action around 137.0.
If a pullback forms around 136.50 or near 136.0, see it as a long entry opportunity.
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