Is this a long term BULLISH Pennant - Potential BUY
USDJPY has potentially formed a long term bullish pennant.
Trump has caused havoc yesterday whilst tweeting about Mexican trade tariffs.
Everything has dropped again the JPY. Could we see some relief next week?
If this is a bullish pennant, we could see the USDJPY rise above 112 in the long term.
Any thoughts or ideas welcome...
Trump has caused havoc yesterday whilst tweeting about Mexican trade tariffs.
Everything has dropped again the JPY. Could we see some relief next week?
If this is a bullish pennant, we could see the USDJPY rise above 112 in the long term.
Any thoughts or ideas welcome...
Bình luận:
With the FED looking to reduce interest rates, the US stock market could reach another record high, meaning USDJPY reversal, potentially moving back towards the 111, and 112 area.