FX Today's Trade Strategy 10/14

EURUSD Euro/Dollar

・Yesterday's Trade

As expected, 0.970 was watched, and I went long when the H4 price broke the H4 moving average.

Since a W-shaped top formed before the 21:30 data release, I exited for +21 pips.

Afterwards it fell sharply, but the H4 low from yesterday at 0.9567 provided support, so I went long again.

It turned into a large win of +102 pips.

・Market environment and today's strategy

There was a counter-trend upward wave yesterday.

However, the daily moving average at 0.980 is acting as resistance.

Today I want to focus on price action around 0.980.

If it breaks upward, it looks like it could target up to 0.9850.

As a pullback target, 0.9750 or around last week's low near 0.9726.

EURUSD Dollar/Yen

・Yesterday's Trade

Yesterday, a new high was set.

There was a data release soon after, so no-trade.

・Market environment and today's strategy

The yen is not stopping its depreciation.

It's a strong uptrend, but judgments may differ depending on how one assesses intervention risk.