OANDA:USDJPY   U.S. Dollar / Japanese Yen
The dollar expects to strengthen due to negative market sentiment. Gold has already made a strong upward movement due to distrust of the stock markets amid new outbreaks of the corono virus. The strengthening of the dollar may also be affected by the expected correction for oil quotes, which have been growing for a long time. Moreover, the dollar has made quite a strong downward movement against the backdrop of the restoration of stock markets and has the right to go for correction. In the USDJPY currency pair, the Bollinger bands clearly show the support and resistance levels on the daily time frame. The volatility of the market will be relatively not high, and yet the growth of dollar quotes can be expected with full confidence.
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