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The US dollar first tried to pull itself together during the trading sessions that make up the week. We fought at 109.70 and we collapsed quite significantly. Below level 109, it opens the door to level 108. If we can fall below it, it is likely that the market could open at the next 105 level. But overall, the 100 level will be quite crucial, so it will be necessary to see if the market can stay there.
USD / JPY Video 03.06.19
Do not forget that parity is very sensitive to risk appetite. Therefore, if we continue to encounter a lot of problems in the commodity markets, and more importantly, in the stock markets, we will likely see this pair collapse. It certainly sounds like we are starting to have difficulties in general, so for now, I like the idea that we would probably find value underneath. However, the question is whether these risk appetite situations can stabilize and other markets such as the S & P 500.
All things being equal, the market is likely to be very noisy in this general neighborhood. So I think we're looking at a scenario in which it's probably easier to sell, you first have to cross the 100 barrier. Otherwise, a candle of support like a hammer could be a buying opportunity for two handles . You will probably find this market easier to negotiate on shorter deadlines.
Please let us know what you think in the comments below
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