Hello traders!
‼️ This is my perspective on USDJPY.
Technical analysis: Here we can see that price failed to create a new lower low and broke the last high so for the confirmation of bullish market structure I expect price to fill the imbalance lower and then to reject from bullish order block.
Fundamental analysis: On Thursday 30th of March we have news events on USD, will be released final GDP for first quarter of 2023. The forecast for GDP is to remain the same as per last quarter, which means we would not have such big moves in market, however we should look for the results in order to validate our analysis.
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‼️ This is my perspective on USDJPY.
Technical analysis: Here we can see that price failed to create a new lower low and broke the last high so for the confirmation of bullish market structure I expect price to fill the imbalance lower and then to reject from bullish order block.
Fundamental analysis: On Thursday 30th of March we have news events on USD, will be released final GDP for first quarter of 2023. The forecast for GDP is to remain the same as per last quarter, which means we would not have such big moves in market, however we should look for the results in order to validate our analysis.
Like, comment and subscribe to be in touch with my content!
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