Warmest welcome to everyone in my today’s journal update. The weekend is almost over and a few hours later market will be reopened. The recovery of the 235,000 payroll employment last Friday decreases the rate of unemployment rate by 5.1% which is extremely negative for the US dollar currency. We had to get to see variation in the various assets. The US dollar sharply as a result the major quotes like GBP/USD and EUR/USD consolidate as for expected. But now the market is frustrated by the weekend. As Automatic data processing of the employment change rise by 374,000 in last four months. But in this month there was strong anticipate about 425,000.
- The last week’s performance:
The last week prove to be constructive for me. Honestly, I manage a handsome profit more than $285 which is a valuable amount profit. I had to manage $205 from crude oil and rest from the gold trading. This means that most profits have earned from crude oil. Because crude oil was not sideways like other assets. On the other hand, gold was trading in a limited range between support level of $1745 and $1766. But we have seen a sudden development in the price behavior on the last Friday.
- Active trade:
The USD/JPY seems clearly bullish at the moment. We can expect a potential stabilizing above the price of 112.30 level, which is for a short-term trading. As you all know, my trade in USD/JPY has been fluctuating in upwards trend. Currently, the market is closed and my present loss is $40. Last week the USD/JPY fall sharply but unfortunately it retrace at 112.22 level which prove negative for my current trade. To see daily such as updates be connected with my journal.
Some people think that we share analysis. In fact, it is not analysis, but we view assets on which we have taken an order. The USD/JPY has been trading in upwards trend. The bullish crossover on the Stoch indicator indicating strong bias. But as for fundamental the pair expresses clearly dynamic for the next week. It approaches at highest degree at 112.22 level, which can preserve the bulls for a medium trading. But unfortunately trade type is selling. Hopefully, it will retrace again to the following support level: 111.95. Hopefully, I will be capable to reach at my target.
What do you think about my trade and USD/JPY moment mates? Please share your opinion in the comment box. Will I be able to survive in the market longer or not? So that we can know what you think. Stay home stay safe and remember in your prayers. That's all for today.