Hey Traders, USDJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the major trend at 137.300 support and resistance zone. Fundamentally Inflation is still a concern in the US, multiple feds have indicated that Powell still has more work to do and still have to opt for more rate hikes which should trigger USD strength.
Trade safe, Joe.
Trade safe, Joe.
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Free Telegram Group:
t.me/+MDJZTdS-Mw0xZTA0
The 1% Traders Club:
t.me/+C08gijSq2PMyZTVk
t.me/+MDJZTdS-Mw0xZTA0
The 1% Traders Club:
t.me/+C08gijSq2PMyZTVk
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.