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USDJPY 4 HOUR CHART – Watch 152
Keep it simple
Watch 152 as it will be pivotal setting the tone and trading bias,
Support 150.95
Resistance 152.90-153.20, only firmly above it postpones the risk to 150.
Watch US bond yields after the jobs report as the JPY tends to be most sensitive to interest rate moves,
Using my platform as a Heatmap
Given the way markets have reacted to key events and economic data this week all we can say at this point is there will be a reaction to the U.S. jobs report, especially if there is a miss in either direction.
Looking at the Heatmap shows a focus in the JPY… USDJPY finding 150-152, as suggested, a sticky zone.
GBPJPY has bounced back above the key 188.00 level after a brief move below it.
Keep an eye on the U.S. 10-year bond yield post-data and a 4.40%~4.50% range
Anyone trading this week has seen how hyper sensitive markets are to key events and economic data. Well, on Friday we have the mother load of data, the US January Jobs Report.
So, be prepared and see one of the best
of this key event..
Anyone trading this week has seen how hyper sensitive markets are to key events and economic data. Well, on Friday we have the mother load of data, the US January Jobs Report.
So, be prepared and see one of the best
of this key event..
US500 4 HOUR CHART – Little Engine That Could
Do you remember the children’s book, The Little Engine That Could who said I think I can, I think I can” as it tried to chug up a hill.
Well, US500 is trying to chug up to its record high ay 6119 but so far it does not have the power to do so.
This leaves it consolidating within a 5900-6100 range, where it keeps a bid as long as it stays above 6000.
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