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#OPINIONLEADER# Currency call summary 05 08 2021: USDJPY is a possible buy trade if price can get to 109.80 using a 40 pip stop loss and 80 pip take profit. EURJPY is on watch for a sell trade if it rejects off the 129.90 level entering at 129.80 with a 20 pip take profit and a 30 pip take profit this is a plan B trade given the lower risk to reward ratio. GBPJPY will be seen as a potential sell trade if it can get close to or touch 153.00 with an entry at 152.80 using a 30 pip stop loss and 60 pip take profit. For the DXY the bullish case still remains in the lead up to tomorrow night's NFP release at 20:30 GMT+8. However if it does miss but 100k or more seeing a push through 92.30 will be a challenge. Gold through 1850.50 with USD weakness on tomorrow's news is buying areas although if USD strengthens then look to sell below 1810.
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