USDJPY Daily Analysis

186
There is exactly one week left until the US elections. At the same time, cases of coronavirus are on the rise around the world.

Uncertainty about these factors implies seeking safe haven. And one such asset is JPY.

Technically, it also looks good, as after the Head-and-shoulders formation the final goal has not been reached.
Head and shoulders  I  Expect a break


The current break of the upward movement gives a good opportunity to continue the movement.

To support us, like and comment!

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.