Hey guys,

In today’s market overview blog, I spoke about the fact that while the fundies were pointing to further upside in the buck, the US Dollar Index had come off resistance and things were going to get interesting tonight.

With NFP and the Trump China trade war garbage coming up, it just becomes what market to pick. Where is the opportunity? Well l, with USD/JPY holding the resistance zone, just like we have been watching for, there’s an opportunity to take a calculated risk heading into the release.

Take a look at the higher time frame chart:

USD/JPY Daily

That’s the same chart we’ve been looking at previously and after ticking just above the zone in question, price was swiftly rejected.

From here, things get interesting on the intraday charts. Take a look at the hourly:

USD/JPY Hourly

There’s your short term retest!

Only question now becomes your risk tolerance heading into the biggest USD sensitive data release of the month, compounded by some loonie bin politicians.

What’s your play?

✌🏻.

Return from USD/JPY Heading into NFP. What’s Your Play? to forexbrokr's Web3 Blog