The US dollar continues to strengthen against the basket of major currencies. The dollar index against the backdrop of statements by Donald Trump was able to stay above the 90.00 mark.
At the moment, the USD index continues to rise and is near the 91.00 mark, which is the maximum value since January of this year.
In Japan the recent macroeconomic indicators showed moderate growth.
According to the current trend, we expect the pair to move further up. The uptrend we proposed earlier was confirmed.
During the growth, the pair stayed near the 109.00 level and we believe that at the moment this level has become a support level. Therefore, we forecast a possible correction to this level and further growth of the pair.
At the moment, the USD index continues to rise and is near the 91.00 mark, which is the maximum value since January of this year.
In Japan the recent macroeconomic indicators showed moderate growth.
According to the current trend, we expect the pair to move further up. The uptrend we proposed earlier was confirmed.
During the growth, the pair stayed near the 109.00 level and we believe that at the moment this level has become a support level. Therefore, we forecast a possible correction to this level and further growth of the pair.
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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.