USDJPY Potential Sell Opportunity?
USDJPY Potential Sell Opportunity
Technical Analysis
USDJPY is currently trending upwards on the monthly chart, but price is nearing a significant monthly point of interest (order block) which could act as a strong resistance level.
Fundamental Analysis
Tomorrow's economic events carry significant potential to impact USDJPY:
1. Weakness in China's economic data could lead to risk aversion, benefiting the Japanese yen.
2. Anticipation of a rate cut by the Bank of England and Bank of Canada could weaken GBP and CAD, indirectly strengthening JPY.
3. Weaker US data could contribute to risk-off sentiment, favoring safe-haven assets like JPY.
-
Technical Analysis
USDJPY is currently trending upwards on the monthly chart, but price is nearing a significant monthly point of interest (order block) which could act as a strong resistance level.
Fundamental Analysis
Tomorrow's economic events carry significant potential to impact USDJPY:
1. Weakness in China's economic data could lead to risk aversion, benefiting the Japanese yen.
2. Anticipation of a rate cut by the Bank of England and Bank of Canada could weaken GBP and CAD, indirectly strengthening JPY.
3. Weaker US data could contribute to risk-off sentiment, favoring safe-haven assets like JPY.
-
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.