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ERUJPY 28.08 Formation of a bullish ladder

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⚡️Powell acknowledged that the economic landscape is more favorable today than it was a year ago. However, he emphasized that the US central bank is ready to raise interest rates if needed, noting that a growing economy will come with the risk of rapid inflation again.

⚡️The Bloomberg Dollar Spot Index rose 0.2 percent to its highest level since early June as investors took cues of the Fed's future steps. USD rose against every currency in the G10, pushing EUR to all-time lows.

⚡️The Japanese Yen is currently at its lowest level this year. continues to need support from the central bank

⚡️Share your ideas with Krado, I'm looking forward to it⚡️

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⚡️ERUJPY is still following Krado's plan, keep sticking to it⚡️

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⚡️The drop in EUR comes as the market priced in a 51% chance of the ECB raising rates by 25 bps from around 65% before the release of dismal PMI data. The pair is currently down 0.35%⚡️

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⚡️ Congratulations to everyone who has profited from Krado's article division

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⚡️buy is higher than Krado's assessment

交易结束：到达目标

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⚡️EUR/JPY sets aside two daily pullbacks in a row and retests 158.00.
There seems to be a decent contention area around 157.00

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⚡️Everything is going according to my plan, great

注释

⚡️EUR/JPY cross attracts some dip-buying in reaction to hawkish remarks by ECB’s Knot.
⚡️Intervention fears, along with the cautious mood, benefit the JPY and cap the upside.
⚡️The divergent ECB-BoJ policy suggests that the path of least resistance is to the upside.

交易结束：到达止损