USD/JPY - Nice rounding bottom on the daily chart
As we can see, the spot has formed a nice rounding bottom on the daily chart over the last five months.
The chart thus suggests potential for a rise to 106.00-107.50 levels.
A bullish Dollar-Yen chart ahead of the US elections once again point to the low odds of Trump victory. But as said earlier, charts are unreliable given the markets have been responding to the unreliable polls.
Nevertheless, the chart does say that dip demand still could be seen post Trump victory. Bullish invalidation is see only below 100.00 levels.
The chart thus suggests potential for a rise to 106.00-107.50 levels.
A bullish Dollar-Yen chart ahead of the US elections once again point to the low odds of Trump victory. But as said earlier, charts are unreliable given the markets have been responding to the unreliable polls.
Nevertheless, the chart does say that dip demand still could be seen post Trump victory. Bullish invalidation is see only below 100.00 levels.
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