USD/JPY De-risking Ahead of Trump-Xi Meeting

April 06, 2017 10:15

As shown on Live Trading Session yesterday, the USD/JPY fell as expected due by overnight sell off in equities. Equities dropped due to de-risking ahead of Trump-Xi meeting, so we might see another bearish rejection on retracement. The POC 110.80-95 ( D H3, EMA89, ATR Pivot, trend line) could reject the price towards 110.18. Break below it should target 109.77 - the strongest daily support.

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D H3 - Daily Camarilla Pivot (Daily Resistance)

POC - Point Of Confluence (The zone where we expect price to react - aka entry zone)

D L5 - Daily Camarilla Pivot (Strongest Daily Support)

W L4 - Weekly L3 Camarilla (Very Strong Weekly Support)

W L5 - Weekly L4 Camarilla ( Strongest Weekly Support)

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