USDJPY Trading Strategy On 09 05 (updated) Trading Call ~ forex trading courses gold coast
USDJPY currency Pair Trading in Bearish Zone
USDJPY currency pair trading in lower range. On the upper the pair getting big profit takings. SD sentiment was dented after U.S. IBD/TIPP Economic Optimism Index had declined 2.4% to 45.1 in May from 46.2 in April as consumers grew more pessimistic about the economy, while U.S. consumer credit only increased by $8 billion in March (vs. +$16 billion forecast). USD/JPY is also weighed by Japan exporter sales.Trading Recommendation:-
USDJPY Pair trading below its pivot point 99.10. So it recommended to take SHORT position for target of 98.55 and 98.35
Resistance Level:-
99.45 (Mondays High)
99.77 (April 24 High)
Suggestion:-
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