USD/JPY has upside potential
Updated
Hello wealthy traders. Today, after the final GDP report of Japan was released, purchasing power is now measured using USD/JPY. However, concerns about intervention are preventing trend-following traders from entering new positions due to a slight decrease in the value of the US dollar.
The differing policies between the Federal Reserve and the Bank of Japan indicate a higher likelihood of price increases rather than decreases.
In the four-hour chart, you can see that prices have risen to 147.772, touching a strong resistance level. It is highly likely that prices will return to a support level before continuing their upward momentum.
The differing policies between the Federal Reserve and the Bank of Japan indicate a higher likelihood of price increases rather than decreases.
In the four-hour chart, you can see that prices have risen to 147.772, touching a strong resistance level. It is highly likely that prices will return to a support level before continuing their upward momentum.
Note
Please wait. The potential for price increases is there. good luck
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