USDJPY bullish scenario:
USD/JPY consolidates the biggest daily gains in 12 days, recently off intraday low. That happened after BOJ Minutes unveiled a conversation on the impacts of the weak yen on the Japanese economy, a few members backed ultra-easy policies. While discussing the impacts of the weaker yen on the economy, a few of the BOJ policymakers backed ultra-easy measures citing the inflation’s multiple failures to reach the 2.0% target. “A few members said weak yen exerting positive effects on Japan's economy as a whole even though effects of pushing up exports are lower than before,” adds the BOJ Minutes.
In this pair, technical analysis shows a technical figure Triangle. The Triangle broke through the resistance line on 22/12/2021. USDJPY is forming a bullish formation on a daily chart . If the price holds above this level, we will have a possible bullish price movement with a forecast for the next 18 days with a target of 115.523. According to the experts, your stop loss should be around 113.140 if you enter this position.
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In this pair, technical analysis shows a technical figure Triangle. The Triangle broke through the resistance line on 22/12/2021. USDJPY is forming a bullish formation on a daily chart . If the price holds above this level, we will have a possible bullish price movement with a forecast for the next 18 days with a target of 115.523. According to the experts, your stop loss should be around 113.140 if you enter this position.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
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