Hello traders, looking at USDJPY fundamental, which where a big push to the price , after US Treasury yield deepen sighting a poor growth in USD as anticipated. and still see the effect and information is still unfolding therefore there is signs of a continuation of weakness of the USD in the next week
On the technical side 22 year high, but currently on a lower timeframe price has droped 2% this week now at 133.30 from 139.70, our nearest support lies at 131.00 which price will stumble a bit before falling towards 125.50 to meet the 200 Daily MA.
On the technical side 22 year high, but currently on a lower timeframe price has droped 2% this week now at 133.30 from 139.70, our nearest support lies at 131.00 which price will stumble a bit before falling towards 125.50 to meet the 200 Daily MA.