USDJPY: Will the Fed lower the dollar?

15 сент. 2023 г.

On USD/JPY, we have a bullish setup, with the price breaking a previous swing high at the 147.87 level. This breakout confirmed my bearish view. I will be looking for a bearish opportunity on Monday at the New York market open and London close. I'll be seeking a change in structure to the downside on the M15 chart with an entry at a strong level or inefficiency zone. The target could be the demand zone on H4 at the 147.51 level. Let me know what you think. Happy trading, everyone.