USD/JPY looking to cover gap and test 109 and uptrend line.
Technicals
-Short term swing trading.
-Possible deathcross and breaching 200EMA.
-Looks like price action will cover gap.
-109.7 support level to be soon tested which is located near the uptrend line.
Economics P.O.V (Mid-Long Term Analysis
-Inflation is picking up in Japan
-Trump wants cheap USD
-Fed slowing down on rate hikes.
-Japan might get out of negative interest rate soon.
-Short term swing trading.
-Possible deathcross and breaching 200EMA.
-Looks like price action will cover gap.
-109.7 support level to be soon tested which is located near the uptrend line.
Economics P.O.V (Mid-Long Term Analysis
-Inflation is picking up in Japan
-Trump wants cheap USD
-Fed slowing down on rate hikes.
-Japan might get out of negative interest rate soon.