🇺🇸 USDJPY 🇯🇵 - The growth of the currency pair may continue
USDJPY will continue its growth provided that the dollar index will also continue its growth. Japanese banks are not doing well, the national currency continues to weaken. The dollar index may rise a little bit, as the interest rate cuts are still far away. Based on technical assumptions, there is a chance to see the continuation of the currency pair growth
Reasons for further growth:
1) Uptrend
2) Strong dollar index and weak Yen
3) Consolidation of price after the rally. No correction
4) Possible false breakdown of PDL before PDH breakout
Reasons for further growth:
1) Uptrend
2) Strong dollar index and weak Yen
3) Consolidation of price after the rally. No correction
4) Possible false breakdown of PDL before PDH breakout
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