USDJPY has seen a strong upward move due to the recent events. This pair currently faces the uncertainty of several fed rates cut if the stock market does not regain its stability. Therefore, it is fair to consider that the pair will be bullish for the next period. If we analyze the fib levels from the past period, we can find that the price retraced from the possible percentage, 61,8% on the fib chart.
Due to the market gap from today’s opening, we can still target for shorts until it reaches @102 level.
Please be aware of the fact that this is just a forecast and due to the volatile market conditions, can be changed. Always consider your own risk:reward ration before entering a trade.
Due to the market gap from today’s opening, we can still target for shorts until it reaches @102 level.
Please be aware of the fact that this is just a forecast and due to the volatile market conditions, can be changed. Always consider your own risk:reward ration before entering a trade.