💵 USD/JPY Moments of Accumulation.
💵 As you can see from the USD/JPY chart, on Friday it scored a solid upward wave.
💵 After yesterday's U.S. unemployment rate data, we saw that unemployment rose by 0.3% to 3.8%, while the market expected unemployment to remain at the current level of 3.5%.
💵 This caused the dollar to react sharply towards appreciation.
💵 So far, the monetary and fundamental situation in Japan looks much less promising than in the United States, which could result in further strengthening of the US dollar in the coming week.
💵 At this point we have reached the fibonacci support level of 0.618 but a test of the last resistance zone is possible.
💵 As for now, I expect some form of accumulation to occur, which will be completed by further strengthening of the US dollar. Unless the fundamental situation in Japan reverses sharply.
🚀 If you appreciate my work and effort put into this post, I encourage you to leave a like and follow on my profile 🚀
💵 As you can see from the USD/JPY chart, on Friday it scored a solid upward wave.
💵 After yesterday's U.S. unemployment rate data, we saw that unemployment rose by 0.3% to 3.8%, while the market expected unemployment to remain at the current level of 3.5%.
💵 This caused the dollar to react sharply towards appreciation.
💵 So far, the monetary and fundamental situation in Japan looks much less promising than in the United States, which could result in further strengthening of the US dollar in the coming week.
💵 At this point we have reached the fibonacci support level of 0.618 but a test of the last resistance zone is possible.
💵 As for now, I expect some form of accumulation to occur, which will be completed by further strengthening of the US dollar. Unless the fundamental situation in Japan reverses sharply.
🚀 If you appreciate my work and effort put into this post, I encourage you to leave a like and follow on my profile 🚀
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💲 To keep up to date with all my activities I invite you to visit my Telegram 💲
💲 www.t.me/Investmatez 💲
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