From U.S. employment statistics, it is flat/sideways...
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Good morning everyone.
Monday's start for USD/JPY is a cautious, solid start.
Since it’s the last holiday of the Golden Week, I think the moves will be limited.
However, it’s exactly these times when moves happen, so I want to keep an eye on the chart.
＊Overseas traders are not affected by Japan’s Obon holiday
USD/JPY 1-hour chart
Currently, USD/JPY remains in a sideways state, dragging down from the employment statistics.
It seems to be range-bound within the yellow box.
Eventually it will break in one direction, but until then I will watch the chart with awareness of the yellow box and its halfway price red horizontal line.
Once it starts moving, I want to watch for the upside long breakout line for billion-dollar traders, and the downside break of 14600.
The yellow box has about a 1 yen range.
↑ 14800
↓ 14700
That would be a provisional target.
As US indicators start releasing from tomorrow, today I think it’s fine to observe and trade from tomorrow.
What I, as a trader, would recommend are the following three products.
New Billionaire Trader’s Scalping: Volume Plus
FX Trading Not Your Ordinary Hedging
Explosive Birth Indicator: Transition to a Winning Trader
That's all.
Thank you for your continued support today as well.
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