Bangladeshi time 6:30 PM one of the major fundamental high impact news release is coming and that is core retail sales. This can highly impact around 50 pips the USD JPY pair. USD JPY is in full uptrend and broke the 100.00 Level bullishly.
While forecast is -0.1% for core retail sales.
Previous was -0.4%
The trading plan is very simple
GO long if Core retail sales comes 0.4 or better (POSITIVE)
GO short if Core retail sales comes -0.6% or lower (Negative)
Other then Long short on USD JPY USD CHF
You can do the exact opposite on EURO USD AND GBP USD
So good luck for your trades
Please wait 5 min after the news release and if spike is very large wait for a retracement to trade . Never jump in a trade too early or before news is published
Right now on writing USD JPY is bearish and GBP USD is bullish
Things will change when news hits the market.
Traders emotion will change dramatically
This is a high impact news and one can expect 30 to 50 pips movement after the news comes with minimum 0.5% deviation.
Good Luck everyone
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