On the daily time frame there are multiple confirmations to tell me the market is going to be bullish in the coming weeks. We have seen a long term uptrend since June 2020. Up until now where we are faced with an area of consolidation since late July 2020 to present time (January) it almost seems as though a flag pattern has formed on the daily. My reasoning for...
USDJPY has been in a downtrend since 2015, saying that i'm taking a bearish outlook on USDJPY.
Obviously with the inauguration of Biden its unpredictable what could happen with the USD but i would recommend keeping a look at USDJPY to see if price can break this support level that we are currently trading above.
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