The USD is slowly starting to weaken and this trade idea was released in our paid trading room but I decided to share it with everyone in an effort to help out anyone who might be trading USDJPY.
I will sum this up in a video and since I didn't go over USDX (US Dollar Index) in the video, I will go over it here.
Make sure you subscribe to my channel, I release plenty of valuable videos there and of-course give me a link as it will encourage me to add more videos!
USDX WEEKLY CHART - POSSIBLE USD WEAKNESS
Looking over the weekly USDX chart there are strong chances of USD weakness to come to the markets, but of-course we need to wait for this trading week to wrap up before we make any definite decisions.
I have been waiting on dollar weakness since the early week but that didn't happen and I guess that is because of the recovery the US stock market did.
In anycase, the USDX is at an important resistance level, there is not much more upside and we still have today and tomorrow till this trading week is wrapped up and the current weekly candle to tell us whats in store for next week.