In light of the negative risk backdrop expected, one would expect the JPY to be well positioned to capitalize on the weakest currencies. On my radar, I can think of two in particular (EUR, AUD). The former looks particularly attractive from a technical standpoint, as the current rebound is faced with a plethora of converging bearish technicals such as the rest of a broken resistance-turned-support circa 124.35–40, a downward sloppy 25-HMA, coupled with a tap into last Friday’s POC. The trade would be negated should the market structure of lower lows gets violated by a breakout of the 124.70–75 level, in which case, a re-assessment of the conditions will be required.
👉👉 Join The OFA Inner Circle:
📓📓Learn Order Flow like a PRO:
www.ofa-course.com
🧑🏫🧑🏫 Author of the #1 Order Flow Script:
www.tradingview.com/script/WhQSEfKT-OFA-Order-Flow-Analysis
📧📧 DM me if doubts (100% response rate)
📓📓Learn Order Flow like a PRO:
www.ofa-course.com
🧑🏫🧑🏫 Author of the #1 Order Flow Script:
www.tradingview.com/script/WhQSEfKT-OFA-Order-Flow-Analysis
📧📧 DM me if doubts (100% response rate)