This video demonstrates our trading approach for USD/JPY after the volatile price movement following today's Non-farm payroll (NFP) release. Despite the NFP and Average Hourly Earnings exceeding expectations, USD/JPY lacked a clear direction. Therefore, we developed this plan to provide clarity on potential future movements.

we're gonna ignore PCE and focus on core PCE m/m & y/y. Buy USD/JPY in case of overall negative data. Alternatively, buy GBP/USD and EUR/USD in case of +ve data. Watch to learn more...

Please watch this short video to understand.

Canada’s CPI beats market expectation, USD/CAD continues to fall. Target: 1.3838. However, if bid price in remainder of London session doesn’t stay below, 1.3857, exit in loss.

If over all CPI (all three) from Canada will be softer, it may send USD/CAD to the resistance shown in this graph. Otherwise, USD/CAD will continue to fall.

CPI may move EUR/USD by 400 points to either side. A dovish CPI --which is a more likely case-- will take the pair to 1.1580, previous swing high. We may see a minor reaction at 1.1566-67 on smaller timeframes like M1 and M1, because it is 100 DMA level. A hawkish CPI may moves it below previous support made by swing lows shown in the graph below.

What to anticipate from the US CPI tomorrow, and strategies for trading it:

EUR/USD trading plan ahead of market opening

Despite neutral PCE and better advanbce GDP from the US yesterday, EUR/USD rallied up. As the USD index is correcting it overbought level, EUR/USD is gonna make at least a harmonic retracement up to 1447.