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USD/JPY is likely to breakout as the Fed might tight its policy
U.S. Dollar / Japanese Yen
Long
USD/JPY is likely to breakout as the Fed might tight its policy
By Alexander_Harford
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Feb 8, 2021
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Feb 8, 2021
+63 pips registered on the previous long position. The technical suggest that the breakout from the ascending channel is still highly possible. Moreover , the recent discussion on tightening the monetary policy by the American Central Bank (Fed) due to the updated inflation expectation (
dailyfx.com/forex/fundamental/forecast/weekly/usd/2021/02/06/US-Dollar-Forecast-Climbing-Inflation-Expectations-May-Underpin-USD.html)
give me more of a bullish vision here.
Chart Patterns
Forex
Technical Indicators
kumo
Trend Analysis
USDJPY
Alexander_Harford
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