Strifor || USDJPY-04/04/2024
Updated
Preferred direction: BUY
Comment: As expected earlier, the American currency began to adjust against its main competitors, but this does not apply to the Japanese yen. Here, as was said, the US dollar will most likely either trade at previous levels, or begin to grow altogether, as indicated on our chart.
In general, both scenarios are relevant despite the fall in the US dollar in the short term, which may last until the end of next week. The growth target in the medium term for this currency pair is located at the level of 153 and 154.
Additional comments on this trade will be provided as situation changes. Follow us!
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Comment: As expected earlier, the American currency began to adjust against its main competitors, but this does not apply to the Japanese yen. Here, as was said, the US dollar will most likely either trade at previous levels, or begin to grow altogether, as indicated on our chart.
In general, both scenarios are relevant despite the fall in the US dollar in the short term, which may last until the end of next week. The growth target in the medium term for this currency pair is located at the level of 153 and 154.
Additional comments on this trade will be provided as situation changes. Follow us!
Thank you for like and share your views!
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