G'day Guys
Today we going to analyse currency pairs. US Dollar vs Japanese Yen (USDJPY)
Generally, these pairs are also known as Major Pair that is most traded in Forex Industry. Based on current market situations, this pair was stuck in a sideways zone on a bigger timeframe. If you guys understand about the financial market this is the stabilization of the economy between the US and Japan.
Please note, BOJ (Bank of Japan) is famous for tapering and easing to ensure their currency stabilizing every time the world financial market-facing crisis might bring Japan slammed on the economic crash. Technically, recent break out at 4 hours time frame. showing that JPY getting stronger vs Us Dollar. I personally, expecting this pair to form a downtrend rally soon.
Let's see what happen next.
Today we going to analyse currency pairs. US Dollar vs Japanese Yen (USDJPY)
Generally, these pairs are also known as Major Pair that is most traded in Forex Industry. Based on current market situations, this pair was stuck in a sideways zone on a bigger timeframe. If you guys understand about the financial market this is the stabilization of the economy between the US and Japan.
Please note, BOJ (Bank of Japan) is famous for tapering and easing to ensure their currency stabilizing every time the world financial market-facing crisis might bring Japan slammed on the economic crash. Technically, recent break out at 4 hours time frame. showing that JPY getting stronger vs Us Dollar. I personally, expecting this pair to form a downtrend rally soon.
Let's see what happen next.
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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.