In this Daily Trade Watch report, we look for high probability trade setups that we can trade throughout the day. Today, USDJPY is the one to watch.
It is the first day of the month so don’t be too surprised if it is a little bit on the slow side. That said, the USDJPY gives us a good technical opportunity.
This market had been in a period of consolidation for over 2 weeks, but yesterday, we finally saw a break out to the upside. As a result, we would expect continuation above 111.50 with the 112.20 level a short-term target to keep an eye on.
USDJPY Is the One to Watch – Full Video Analysis
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