USDJPY-Weekly Market Analysis-Aug22,Wk4

21 באוג׳ 2022

It is a joke to read that; "The US Dollar dipped on CPI data"; or "The US Dollar dipped on inflation". If you have been following us, you should know that the Buy Zone(Blue Box) has been there for a long time.

Yes, the dollar is still bullish; some may argue that it is due to Yen's weakness, but you can check other Dollar pairs and compare on its daily chart.

The dollar is far from the bearish move; however, counter-trend traders can wait for a 3-bar reversal at 138.35 at Point D of the Bearish Bat Pattern.