• FED-BOJ divergence is on the highlight again with the Bank of Japan status-quo last week, maintaining easing policy for the time being and in the near future, disappointing bulls who were betting on a tightening policy later this year
• US Dollar strength comes from an aggressive Fed's policy which is likely to persist for some time
• Technically, picture is bullish while prices are trading inside an ascending channel supporting higher prices in the coming days and weeks
• Daily high around 137.70 was a previous resistance level and as the history tend to repeat itself, it again acted as a selling opportunity with price trading now almost 100 pips below it
• Since we are approaching the higher extreme of the channel, risk reward favors to be on the short side hoping for a move back to the lower extreme
Traders, if you like this idea please comment and like ✅
Here to answer all your questions,
Good luck
• US Dollar strength comes from an aggressive Fed's policy which is likely to persist for some time
• Technically, picture is bullish while prices are trading inside an ascending channel supporting higher prices in the coming days and weeks
• Daily high around 137.70 was a previous resistance level and as the history tend to repeat itself, it again acted as a selling opportunity with price trading now almost 100 pips below it
• Since we are approaching the higher extreme of the channel, risk reward favors to be on the short side hoping for a move back to the lower extreme
Traders, if you like this idea please comment and like ✅
Here to answer all your questions,
Good luck
Ramzi Abou Abdallah, CFTe, CMT
♦️ Subscribe to my telegram channel for daily signals for free, link below:
♦️ t.me/accu_trading
♦️ Subscribe to my telegram channel for daily signals for free, link below:
♦️ t.me/accu_trading