USA ELECTION 2016 VS 2020(Before Election USDJPY Under Pressure)
The US stock market grew last Friday after it has fallen by 9.88% since September 2. The S&P 500 gained 1.60% while the USD/JPY pair added 15 points on Friday. This morning the price sideways between 105.20 to 105.70$, Before USA Election 3rd Nov 2020 the price will continue to grow towards the first target of 106.40 Resistance, Next Month expecting price under strong pressure downside towards 103.40 and 101.60$,
Compare 2016 USA ELECTION:
Before 2016 Election USDJPY DROP 122$ to 101.45$ level (Within 4 months) After Trump Win news USDJPY JUMP 1800 PIPS UPSIDE. This year Election could be different as a market under Recession due TO Covid-19, $ stay under pressure before the election but after the election, news expecting Correction towards resistance levels: 106.40, 107.40 and 108.65$ and 109.32$, Last week Japan also said they will keep USDJPY BETWEEN 105 TO 110$ LEVELS.
If Trump wins again and any good news Vaccine coming months then STOCK could hit all-time high and $ will do some solid correction
🛑SUPPORT/RESISTANCE
✅S1= 104.20
✅S2=103.25
✴️R1=106.10
✴️R2=107.10
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Compare 2016 USA ELECTION:
Before 2016 Election USDJPY DROP 122$ to 101.45$ level (Within 4 months) After Trump Win news USDJPY JUMP 1800 PIPS UPSIDE. This year Election could be different as a market under Recession due TO Covid-19, $ stay under pressure before the election but after the election, news expecting Correction towards resistance levels: 106.40, 107.40 and 108.65$ and 109.32$, Last week Japan also said they will keep USDJPY BETWEEN 105 TO 110$ LEVELS.
If Trump wins again and any good news Vaccine coming months then STOCK could hit all-time high and $ will do some solid correction
🛑SUPPORT/RESISTANCE
✅S1= 104.20
✅S2=103.25
✴️R1=106.10
✴️R2=107.10
Please like, share, comments and follow me to get daily base analysis.
Thank you for your support, I appreciate it.