USD/JPY RESISTANCE BREAK
USD/JPY is held below resistance 107.61 with a breakout long expected in the London session.
Breakout indicator signals a move long is coming.
USD/JPY is trading at 107.61 and has travelled within a narrow range of between 107.37 and 107.85, directionless in a phase of consolidation between the 106 and 108 big figures.
US President Donald Trump's China news conference failed to appease the uber hawks and subsequently gave the green light to FX to sell the greenback. Long equities is a play on the global economic recovery with a view that there will be no further waves of the virus, a vaccine will be developed shortly, businesses will bounce back and will be creating millions of jobs and society will be back to normal, all in due course.
Breakout indicator signals a move long is coming.
USD/JPY is trading at 107.61 and has travelled within a narrow range of between 107.37 and 107.85, directionless in a phase of consolidation between the 106 and 108 big figures.
US President Donald Trump's China news conference failed to appease the uber hawks and subsequently gave the green light to FX to sell the greenback. Long equities is a play on the global economic recovery with a view that there will be no further waves of the virus, a vaccine will be developed shortly, businesses will bounce back and will be creating millions of jobs and society will be back to normal, all in due course.
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.