FX Today's Trade Strategy 8/30

EURUSD Euro-Dollar

・Yesterday's Trades

Yesterday, it briefly fell below the watch level of 0.9950, but with support beneath, we stayed on the sidelines.

As expected, it was bought in the afternoon and rose.

・Market Environment and Today’s Strategy

Today, the key is how we view the strong rebound after yesterday's afternoon.

Should we pay attention to higher lows?

There is a situation where we want to ride the rebound from the weekly low around 0.990.

A moderate pullback would be preferred; if it breaks yesterday's high, consider going long.

USDJPY Dollar-Yen

・Yesterday's Trades

Yesterday, we went long from early in the morning when a key level was breached.

Holding up to 139.0 as per the morning scenario. +80 pips profit.

・Market Environment and Today’s Strategy

139.0 is a major level.

Even if breached, expect a period of continued struggle for a while.

Today's key rate is 139.0, with price action here determining the outcome.

Be mindful that a genuine reversal may take some time.