DJ123

USDJPY! Major Resistance Broken!!

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
USDJPY! Inverse Head and Shoulders Monthly Pattern can be Bullish, but is also over extended . If the Major Resistance turn into a support this will be major..

Here's this week catalyst!!


Today, Fed Chair Powell speech will occur at 1100 am and 1 pm.

In addition, Finance Minister Shunichi Suzuki is due to meet U.S. Treasury Secretary Janet Yellen this week, prompting traders to pare back bearish yen bets on the potential for a step-up in rhetoric.

This will determine the USDJPY future!
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.