Pre-Inauguration Trade
Pre-Inauguration Trade should be much violent for any currency pair
Especially USDJPY
Furthermore, an upcoming week is full of important economic US news on focus. Without Japan's important economic announcement, it is likely that USDJPY will be mostly driven by US Dollar Index force.
So, big opportunity Next Week!
Analysis
Expect Bullish Three Drives with 78.6% Retracement and 1.272% Extension
Target Price 116.157 should be abruptly reached at or before January 17th
while Expected quickly Drop to 112.400-112.700 price level just before Trump's Inauguration day
At and after Trump's Inauguration psychologically think stock should rise to welcome new world leader, so reasonably corresponding to Bullish Three Drives Price Target at 117.500
Especially USDJPY
Furthermore, an upcoming week is full of important economic US news on focus. Without Japan's important economic announcement, it is likely that USDJPY will be mostly driven by US Dollar Index force.
So, big opportunity Next Week!
Analysis
Expect Bullish Three Drives with 78.6% Retracement and 1.272% Extension
Target Price 116.157 should be abruptly reached at or before January 17th
while Expected quickly Drop to 112.400-112.700 price level just before Trump's Inauguration day
At and after Trump's Inauguration psychologically think stock should rise to welcome new world leader, so reasonably corresponding to Bullish Three Drives Price Target at 117.500
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.