usd/jpy reflection into week 17
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)
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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