USDJPY: Retracement on Fibo Golden Ratio, Bull Run to 150.00?
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"
Support the channel by giving us thumbs up and sharing your opinions in the comment section below!
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"
Support the channel by giving us thumbs up and sharing your opinions in the comment section below!
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