USDJPY - Downtrend in Focus
The Japanese yen rose in the Asian market on Wednesday, nearing its 14-month high as pressure on yen carry trades resumed. The Bank of Japan is expected to keep monetary policy unchanged, with a potential rate hike in December. The U.S. Federal Reserve is likely to start a new easing cycle, with the first interest rate cut in four years.
Generally, the direction is a downtrend
Uptrend Side: the price should rise and cross the regression sideways trend, especially stabilize above 143.503.
Downtrend Side: the price will make a short correction to the top, then will fall to break 140.670, and under it 137.614.
Tendency Keys: 140.670
Generally, the direction is a downtrend
Uptrend Side: the price should rise and cross the regression sideways trend, especially stabilize above 143.503.
Downtrend Side: the price will make a short correction to the top, then will fall to break 140.670, and under it 137.614.
Tendency Keys: 140.670
about 4 Analysis per day.
With Clear entry point and target line with stopout zone
~900 pips per week —— Accuracy more than 88%
with best learning
Be Stronger With us
THANKS for your support
With Clear entry point and target line with stopout zone
~900 pips per week —— Accuracy more than 88%
with best learning
Be Stronger With us
THANKS for your support
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.