Expecting USDJPY to continue its downward motion after Monday's price dump due to BOJ's Monetary Policy Statement and press conference. Tomorrow USD announces its Final GDP data and Unemployment Claims + BOJ releases National Core CPI data and Monetary Policy Meeting minutes which may further strengthen the Yen causing more sell-offs.
I have based my analysis on the last time UJ saw current pricing in early June of this year.
Sell Entry: 131.000
Targets: 130.500 | 130.000 | 129.500 | 128.900 | 128.500 | 128.000 | 127.500 | 127.000
Support: 126.500
Be sure to like this post and let me know what you think in the comments below!
I have based my analysis on the last time UJ saw current pricing in early June of this year.
Sell Entry: 131.000
Targets: 130.500 | 130.000 | 129.500 | 128.900 | 128.500 | 128.000 | 127.500 | 127.000
Support: 126.500
Be sure to like this post and let me know what you think in the comments below!
Trade active
Entry price 131.000 triggered.
Related publications
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.
Related publications
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.