USD/JPY is likely to breakout as the Fed might tight its policy Largo

USD/JPYOANDA

Descripción

⋅ 8 de Feb. de 2021 11:39

+63 pips registered on the previous long position. The technical suggest that the breakout from the ascending channel is still highly possible. Moreover , the recent discussion on tightening the monetary policy by the American Central Bank (Fed) due to the updated inflation expectation (dailyfx.com/forex/fundamental/forecast/weekly/usd/2021/02/06/US-Dollar-Forecast-Climbing-Inflation-Expectations-May-Underpin-USD.html) give me more of a bullish vision here.

Comentarios

ProjectSyndicate

⋅ 8 de Feb. de 2021 15:40

well done, great technical summary for USDJPY today!