Week 8 2020 - USDJPY
Hi traders,
With the US index' at all time highs, the USDJPY has shown some strength as the currency pair correlates.
This week we saw the pair struggle to get above the 110130 minor level, if we were to take this pair long we will need to get in after the first retracement leg.
If we get a break of the 109650 handle. Bears can look to take the pair to the 109000 handle with the monthly pivot as a second target.
Bull can look for longs above the 110133 or at the retracements levels [109434, 109217, 109000].
All the best,
Aardall
With the US index' at all time highs, the USDJPY has shown some strength as the currency pair correlates.
This week we saw the pair struggle to get above the 110130 minor level, if we were to take this pair long we will need to get in after the first retracement leg.
If we get a break of the 109650 handle. Bears can look to take the pair to the 109000 handle with the monthly pivot as a second target.
Bull can look for longs above the 110133 or at the retracements levels [109434, 109217, 109000].
All the best,
Aardall
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