Hello Fellow Forex Trader, Here's a Technical outlook on USDJPY!
Chart Perspective USDJPY has moved above the bullish trendline, indicating a bullish trend. The Pair also made a retracement on Fibonacci Golden Ratio and a swing low/support area. Furthermore, the momentum indicator signaled a golden cross, signifying a potential upside movement to the target area.
Fundamental Drive The Fed Still Maintains a Hawkish Stance to tame high Inflation Rate.
All other explanations are presented on the chart.
The roadmap will be invalid after reaching the target/support area.
"Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the USDJPY"
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