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JoeChampion

USDJPY:Classic safe havens continue to outperform the Dollar

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
JoeChampion  
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Beyond Technical Analysis Fundamental Analysis USDJPY SELL short Bearish Patterns Technical Analysis FOMC Contains image
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trendanalysis beyondta fundamental usdjpy sell short bearish technicalanalysis fomc containsimage
Hey Traders, in the coming week we are monitoring USDJPY for a selling opportunity around 131.500 zone. USDJPY is trading in a downtrend and extending pullbacks seems to be approaching the major trend around 131.5 support and resistance zone. Fundamentally Fed pivot seems to have started with the last FOMC as he showed no more intents for further rate hikes in his speech. Considering also JPY to be a safe haven with banking sector crisis.
Trade safe, Joe.
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