• Japan government finally intervenes in the FX market to try and support the Yen
• Major currencies lost almost 300 pips against the Yen following the news
• On the chart above, illustrated an ascending channel the Dollar Yen is trading in, a bullish pattern indicating further gains on the cards
• Also illustrated are the major support/resistance levels in red thick line
• Current trading range is 139.300-144.730
• Major currencies lost almost 300 pips against the Yen following the news
• On the chart above, illustrated an ascending channel the Dollar Yen is trading in, a bullish pattern indicating further gains on the cards
• Also illustrated are the major support/resistance levels in red thick line
• Current trading range is 139.300-144.730
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.
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.