There was a strong push fakeout to the upside as the JPY regains some strength. I will be closely monitoring this pair to look for a retracement entry for the buy. Im still bullish on this pair although we have broken the bullish weekly trendline. Japans economy seems to recovering in the short term. There is a lot of economic data that is being released in the next 2 days for the JPY and as well as GBP coming this Thursday. Definitely a pair to keep an eye on as the monthly candle closes tomorrow.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.