Yesterday, the Federal Reserve once again released a hawkish message, saying that the rate hike rate may not be slowed down, and it is necessary to increase the rate increase rate in order to fight inflation. Therefore, inflation has always been the fundamental problem that the United States has to solve. But the information given so far is not accurate, so the news released by the Fed has been digested.
Looking back at the D1 chart, we can see that the USD/JPY pair formed a very sharp correction yesterday, but closed below the resistance level. It can be judged that the price still has a lot of room to fall.
The price on the H1 chart touched the Fibonacci 0.618 level and could not break the overhead resistance level, which can continue to be bearish.
Deploy empty orders at high positions.
All transactions involve risks, the above analysis is for reference only. When placing an order, be sure to set the lot size and remember to set the stop loss.