this week we have seen another week of indecision, and we could see same thing next week what i think will affect and have affected usd/jpy the coming week:
technical: bullish: bouncing of a 2017 low TL again? bouncing of a daily pivot (P) again?
bearish: could be bouncing of a weekly pivot point (P) and be headed to S1 it could be at a resistance of a range shooting star last week (weekly)
fundamental: bullish: economy will reopen-gives hope eur and gbp going down usd could go up as safe haven less virus cases
bearish: massive jobless claims, and maybe more? economy continues to suffer fear of recession more virus cases
I think this look bearish, but at the same time this could very likely be a safe haven the coming week so its hard to say
(my research should not be traded, trade your own)
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