USDJPY: Keep it Simple!
USDJPY is on a rise since last week and continued so in the beginning of the trading week too.
Safe-haven assets seemed to have lost its demand for now as Brexit discussion is showing positive signs.
While this is most likely to be temporary, day trading clearly favours a weaker yen (and gold) and we can keep things simple.
USDJPY is climbing within a rising channel and is currently retracing toward the bottom of the channel where we can look for a buying opportunity.
Safe-haven assets seemed to have lost its demand for now as Brexit discussion is showing positive signs.
While this is most likely to be temporary, day trading clearly favours a weaker yen (and gold) and we can keep things simple.
USDJPY is climbing within a rising channel and is currently retracing toward the bottom of the channel where we can look for a buying opportunity.
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