Release： 08/28/2022 19:57

Update： 08/28/2022 19:57

Series

We deliver daily day trading strategies for Euro Dollar (EURUSD) and Dollar Yen (USDJPY).

FX Today's Trade Strategy 8/29

〇EURUSD Euro Dollar

・Market environment and today's strategy

Strong selling was observed at Friday's data release.

Whether it will be supported at 0.9950 is the question.

0.9950 is a key level, but just 50 pips below there is a weekly low, making aggressive selling difficult.

If it forms a range and breaks out, I will consider entering.

・Market environment and today's strategy

Powell's remarks on Friday were favorable to yen weakness.

A yen-weakening phase is expected again.

If we break above the weekly high of 137.70, I would like to wait for a pullback to buy, but be careful as the highs on 7/14, 15 are nearby.

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