Price is currently breaching a trend line connecting two major pivot lows of 2020. If the daily candle closes below the July pivot Low, it could open up the March pivot Low 🎯. It's important to note that the pair is still within a descending flat-bottomed pattern (descending triangle).
The JPY is expected to be strong with the candidate best positioned to succeed Shinzo Abe promising to maintain Abe's economic policies. The USD on the other hand is facing pressure from US FED actions to reduce the impact of covid.
The JPY is expected to be strong with the candidate best positioned to succeed Shinzo Abe promising to maintain Abe's economic policies. The USD on the other hand is facing pressure from US FED actions to reduce the impact of covid.
