Short term trend - Upward
The pair is currently trending upward and we expect a liquidity sweep of prior week low i.e 190.00 then a continuation to 193.00
Midterm trend
The pair is currently trending downward(midterm) hence expect a reversal at around 193.500(see post from yesterday).
Macro Analysis
BoE is currently cutting the rates(even if keep the rates now, won't affect the direction of the pair) and BOJ has kept the rates but is expected to raise rates due to inflationary pressures.
Technical Analysis
Expect the pair to sweep the 15min liquidity as shown , as we have already tapped into the 4hr order block. We expect a strong fall to form...
Macro Economic Analysis / Fundamental Analysis
The ECB has kept the rates while also BOJ kept the rates at the moment. In the short term we expect the ECB to cut the rates whilst the BOJ to raise the rate, probably in the next meeting. So in overall, we expect the JPY to strengthen against the EURO.
Technical Analysis
We expect a liquidity sweep of the previous...
