Hey Traders! 👋
For Day 21/100 of our challenge, we will look at USDJPY upside potential this week.
Technicals:
- Currently on pivot area (expecting support to form)
- But price is still creating LLs-LHs
- Better to go long above 139.600
- Target previous high 140.800
Fundamentals:
- Market to price in higher probability of rate hikes as positive data continues to support this narrative
- BoJ remains with dovish policy and no changes are foreseen in the near-term
For Day 21/100 of our challenge, we will look at USDJPY upside potential this week.
Technicals:
- Currently on pivot area (expecting support to form)
- But price is still creating LLs-LHs
- Better to go long above 139.600
- Target previous high 140.800
Fundamentals:
- Market to price in higher probability of rate hikes as positive data continues to support this narrative
- BoJ remains with dovish policy and no changes are foreseen in the near-term
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.