RaynLim

How to Trade the Dollar Both Ways

Long
FX:USDJPY   Dollaro / Yen giapponese
US Dollar has been in focus recently due to several factors such as debt limit concerns and bank failures. However, my analysis indicates that the Dollar is still bullish and I'm looking for a buying opportunity at 133.75, provided that the support level holds.

For those who are seeking shorting opportunities, the red trendline could be a potential entry point. As long as the structure remains unbroken, a shorting trade could be considered, with the first target at 133.75.

Whether you're bullish or bearish on the Dollar, there are opportunities to trade it both ways. Stay tuned for further updates

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