USD/JPY is ready to go up
Technical analysis: the pair bounced off the support line crossed by trendline.
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Fundamental analysis: movement of
USDJPY is dictated by the policy of raising the interest rates of the US Federal Reserve and the policy of minimum interest rates and an active program of quantitative easing of the Bank of Japan. For this reason, any powerful downward movement will pay off, because from a fundamental point of view, the advantage is completely on the side of the US dollar.
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EP: 112.2
TP1: 112.8
TP2: 113.5
SL: 111.6
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Fundamental analysis: movement of
USDJPY is dictated by the policy of raising the interest rates of the US Federal Reserve and the policy of minimum interest rates and an active program of quantitative easing of the Bank of Japan. For this reason, any powerful downward movement will pay off, because from a fundamental point of view, the advantage is completely on the side of the US dollar.--------------
EP: 112.2
TP1: 112.8
TP2: 113.5
SL: 111.6
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