USD/JPY maintains a steady uptrend !
Dear friends!
Overall, in the last three sessions, JPY has shown significant strength compared to the USD, although even the recent USD has soared to the highest level in more than two years. However, JPY seems to be losing momentum when investors shift the concentration to the upcoming US consumer price index (CPI) data for December, expected to be announced on Wednesday.
Technically, based on EMA 34 and EMA 89 to maintain a stable slope without clear signs, I have the expectation of the short -term discount trend will continue. However, in the long term, it is capable of recovering from the main support level of about 156.50, with prices capable of towards the upper boundary of the increase channel.
Wish you all a great day filled with success and luck on your journey!
Overall, in the last three sessions, JPY has shown significant strength compared to the USD, although even the recent USD has soared to the highest level in more than two years. However, JPY seems to be losing momentum when investors shift the concentration to the upcoming US consumer price index (CPI) data for December, expected to be announced on Wednesday.
Technically, based on EMA 34 and EMA 89 to maintain a stable slope without clear signs, I have the expectation of the short -term discount trend will continue. However, in the long term, it is capable of recovering from the main support level of about 156.50, with prices capable of towards the upper boundary of the increase channel.
Wish you all a great day filled with success and luck on your journey!
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t.me/+xT2uUeadoeo1YTRl
🟡 DISCLAIMER:
Not financial advice.
Educational purposes only.
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