A start where market still cannot determine a trend for USD/JPY..Yet..trend will be determined during the New York Session and as the Tuesday starts in Tokyo market.Uptill now it is moving between today's low 99.14 and May1 high of 99.56.
I personally think the Yen will be on the weaker side during this week and most probably touch the 99.00 and will test the 100.00 resistance and as we get in the middle of the week the trend will be more prominent...
There have been sharp ups and downs towards the resistance and support levels. Short term trading opportunity is there but risky. S/L and T/P
US economy is moving towards a stronger side and the data/ information this week will play a key roll in finding the trend.
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