Thursday Market Analysis: USD/JPY

Hello traders,

Let’s hit them charts:

 

1. USD/JPY

USD/JPY is looking good.

A beautiful ascending channel can be seen on the daily time frame, and the bulls are slowly gathering momentum at the key support zone.

The only problem I foresee is the Thursday and Friday red folder news events on the USD. That may shred our analysis on the USD/JPY

 

What say you?

NOTE:

Check out our mouth-watering discounts on any of the proprietary firm’s challenges:

l

Related Posts

Leave a Reply

Your email address will not be published. Required fields are marked *

error

Enjoy this blog? Please spread the word :)