Release： 12/14/2022 18:56

Update： 12/14/2022 18:56

Series

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

FX Today's Trade Strategy 12/15

EURUSD Euro Dollar

・Yesterday's Trade

Yesterday, there was a pullback during the day, but no trades due to waiting for late-night indicators.

・Market Environment and Today’s Strategy

Yesterday's indicators were important, but there wasn't much movement.

Perhaps due to year-end, volatility seems subdued.

Today, the basic goal is still to buy on dips, but tonight there is a major indicator release—the European policy interest rate decision—so we may stay on the sidelines until then?

USDJPY Dollar/Yen

・Yesterday's Trade

Yesterday, a retracement formed near 135.50, and I shorted as it turned down. +47 pips

・Market Environment and Today’s Strategy

Yesterday, there was a move that formed a double bottom around 134.50.

Whether the 200-day MA will provide support remains to be seen.

If a long-term trend reversal seems to be starting, I’d aim for longs.

If we break below yesterday’s low of 134.50, I would consider shorts.

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