USD/JPY looking to cover gap and test 109 and uptrend line.

Short

U.S. Dollar / Japanese Yen (FX_IDC:USDJPY)

FX_IDC:USDJPY U.S. Dollar / Japanese Yen

usdjpyshort japan usd yen bhr brighthillresearch swingtrading

Technicals
-Short term swing trading.
-Possible deathcross and breaching 200EMA.
-Looks like price action will cover gap.
-109.7 support level to be soon tested which is located near the uptrend line.

Economics P.O.V (Mid-Long Term Analysis
-Inflation is picking up in Japan
-Trump wants cheap USD
-Fed slowing down on rate hikes.
-Japan might get out of negative interest rate soon.

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