Tomorrow the key US jobs report will likely be launched at 8:30 AM. For a preview, see Adam’s publish HERE.
Depending on how that report comes out will doubtless result in a transfer in charges. A stronger report will ship US charges larger, whereas a weaker report will ship the US charges decrease. The USDJPY historically falls together with the strikes in charges.
- Higher charges = larger USDJPY.
- Lower charges = decrease USDJPY
In this video, I check out the key technical levels on the prime and backside facet for the pair. I take advantage of the 50% midpoint of the transfer up from the September 21 low at 148.73 as a proxy for bullish or bearish. Move above the 50% retracement degree, and the bias strikes extra to the upside. Stay under the 50% retracement, and the bias stays destructive.
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