Here is the USDJPY daily chart, above is a possible scenario to test the 2015 highs for this pair and hopefully be the leg up to make new highs, but who knows for sure? No One!
With the DXY now breaking the psychological barrier of 100 we could see the bull market back on and with BoJ looking to increase their QE programme and FED rate hikes on the cards, this could have the fundamental backing for investors get long the Dollar.
A lot of macro data to be released in the coming week as well so caution is advised on lower timeframe entries and opportunities. however, this trade has a good RR and should give us decent profits.
Happy Trading.
With the DXY now breaking the psychological barrier of 100 we could see the bull market back on and with BoJ looking to increase their QE programme and FED rate hikes on the cards, this could have the fundamental backing for investors get long the Dollar.
A lot of macro data to be released in the coming week as well so caution is advised on lower timeframe entries and opportunities. however, this trade has a good RR and should give us decent profits.
Happy Trading.
