FX Today's Trading Strategy 9/7
EURUSD Euro/Dollar
・Yesterday's Trade
Yesterday, price traded in a limited range between 0.990 and 1.0, and no entry was taken.
・Market Environment and Today’s Strategy
Although it rose in the morning as expected, there was a battle between selling and buying around 0.9950.
After that, it was sold down to 0.990.
There is buying pressure from around 0.990, but it is overtaken by selling pressure.
Today it looks like trading will again be around price action near 0.990.
USDJPY dollar/yen
・Yesterday's Trade
Yesterday, entry was made when the monthly high 140.80 was broken confirmed on the H4 chart.
Held overnight to yield 187 pips profit until morning.
・Market Environment and Today’s Strategy
The yen depreciation trend shows no sign of stopping.
We expect the uptrend to continue.
If there is a pullback around yesterday’s high near 143.0, I would like to buy.
However, be prepared for a larger pullback as well.
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