USD/JPY and AUD/USD Forecast September 11, 2020

by birtanpublished on October 3, 2020

from daily forex this is chris taking a look at the us dollar japanese yen and the aussie dollar the dollar yen as you can see continues to kind of chop around in this small little tight range that's fine leads for great day trading in a back and forth type of range i think at this point what you're looking for is you know 30 pip moves or so probably not a whole lot more than that it's really not until we get a large impulsive candle telling us

Which direction to trade that we can think of this anything more as a scalping back and forth setup the aussie originally tried to take off during the trading session but you can see that we have rolled over this is a sign that perhaps we may need to come back into support again a little bit of a risk off move late in the day heading into the weekend wouldn't be a huge surprise to see the us dollar pick up a little bit of steam but having said that i think there's plenty

Of support down here at 71 72 and 70 all three of these areas 50-day ema coming into the picture as well buying dips should work given enough time heading into the weekend it makes perfect sense that people might want to step away from a little bit of risk

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