TipTVFinance

USD/JPY - Dip demand seen as expected

OANDA:USDJPY   U.S. Dollar/Japanese Yen
ON Monday, we had talked about the nice rounding bottom formation in the pair, which suggested demand is likely even if Trump wins.

As expected the spot has recovered from the low of 101.19 to 104.53, tracking the sharp recovery in the treasury yields.

The daily candle now looks bullish given the huge lower shadow (which suggests dip buying)

Overall, this move reinforces our view of the pair testing 107.50 by December end.
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out