The US dollar bounced a bit against the Japanese yen, but gave back some of the gains towards the end of the session. Given enough time, I think we get a
The US dollar bounced a bit against the Japanese yen, but gave back some of the gains towards the end of the session. Given enough time, I think we get a supportive daily candle, but I don’t think this is going to be at. The 111.50 level underneath should be a massive support level, and because of this I believe it’s only matter of time before we bounce significantly. I think it’s going to take a session or so before we get that candle, but when we do I more than willing to go long in a market that looks very healthy in general.
Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.
