USDJPY Forming a bear flag
Hey Traders, USDJPY is forming a bear flag and now seems to be approaching an important weekly zone of 132 if we get a decent rejection i would target more lows. Fundamentally US data continue to print soft and signal no more rate hike from fed as inflation tensions are easing so the market is expecting more of a dovish upcoming monetary policies. JPY is considered also a safe haven along with CHF so i expect both to have a likelihood to outperform USD.
Feel free to ask any question in the comment section.
Trade safe, Joe.
Feel free to ask any question in the comment section.
Trade safe, Joe.
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