USD/JPY Day Trading Gann Startegy: 12/14/2020
This Week:
the Bank of Japan is widely expected to leave interest rates and policy unchanged.
The U.S. Federal Reserve meets on December 15-16. Policymakers are going to spend a lot of time discussing the downside risks to the economy. The Fed essentially has four key questions to deal with.
With risks mounting, how will officials adjust their asset purchase plans?
How will the Fed respond to rising downside risks?
How will the Summary of Economic Projections look with potential positive signs of a vaccine?
How will markets react when special Fed lending programs officially shut down?
(source: James Hyerczyk, Fx Empire)
According to the news of this week and the price action, I think we will see the resume of downtrend.
The Next Target for the price will be:
104.572
the Bank of Japan is widely expected to leave interest rates and policy unchanged.
The U.S. Federal Reserve meets on December 15-16. Policymakers are going to spend a lot of time discussing the downside risks to the economy. The Fed essentially has four key questions to deal with.
With risks mounting, how will officials adjust their asset purchase plans?
How will the Fed respond to rising downside risks?
How will the Summary of Economic Projections look with potential positive signs of a vaccine?
How will markets react when special Fed lending programs officially shut down?
(source: James Hyerczyk, Fx Empire)
According to the news of this week and the price action, I think we will see the resume of downtrend.
The Next Target for the price will be:
104.572
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