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Yesterday started with the Bank of Japan. As we have already noted, the parameters of monetary policy (rates and quantitative easing program) were left unchanged. But at the same time, the Central Bank lowered its own forecast for the country's economic growth in the current fiscal year (ends in March 2021): GDP will decrease by 4.5% -5.7% (previously the range...
I identified a strong buy signal on the 4h and 1h chart after testing the support formed simultaneously by the Tenkan and the Kijun. Target is the resistance formed by the SSB and Kijun on the 4h chart.
Buy signal is confirmed by the RSI that has made a great bounce over its neutral zone on the 4h timeframe.
Please note this bounce occurs in the context of an...