Get started
Alexander_Harford

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

Long
U.S. Dollar / Japanese Yen (OANDA:USDJPY)  
Alexander_Harford  
OANDA:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Chart Patterns Technical Indicators USDJPY Forex kumo
5
1
trendanalysis chartpattern indicator usdjpy forex kumo


+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 (www.dailyfx.com/fore...ay-Underpin-USD.html) give me more of a bullish vision here.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.