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
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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
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