USDJPY Sell Signal

?? Short-term sell signal in the USDJPY on Friday sets this market up for a lower move this week.? Watch Crude Oil.? If the Oil market remains on edge banging new move lows there is a good chance that this currency could get a nice profit-taking slide going.? A correction would be good for the trend if longer-term momentum is to remain Bullish.? Friday the market posted a higher move high and an outside day with a lower close.? This sets the market up to pressure support toward the downside breakout level.? A failure here is not to be taken lightly.? Fresh selling pressure could send this FX pair all the way into the downside correction zone.

?? If the Bulls rally above last week’s high all Bearish bets are off the table.? New move highs would be a very Bullish indication that the USDJPY is on a mission to keep the trend intact.? If Oil bounces and Yields remain firm there is a good chance that the Bulls will stay in control and start to continue up towards the long-term trend target level.?

The Tiger Forex Report – Subscribe – 30 Day Money Back Guarantee

https://tfnn.com/products/the-tiger-forex-report-by-teddy-kekstadt

https://www.forex-trading-unlocked.com/High-Probable-Japanese-Candlestick-Patterns.html

Hello everyone,

Good luck this week. There are few economic numbers this week that matter until the end of the week Check out what is on the menu here : https://www.forex-trading-unlocked.com/Workstation.html

Jobless claims on Thursday are the biggest. We need to see if it could lessen the likelihood of another rate cut by the FED in December. And good luck with the USDJPY if you are trading it this week. Yields are starting the week off firm, so we are looking to Sell into this rally once there is pull back in the 30yr and 10yr Interest Rates.

Have a great day,

Teddy Kekstadt