Preferred direction: BUY
Comment: The Japanese yen is most likely going to update last year's high; this is, surely, a longer-term target. About a more short-term idea, we expect the US dollar to continue to strengthen. At the moment, the limit buyer continues to support growth for this pair. We highlight two scenarios for ourselves.
Growth should not be long in coming and within 1-2 trading days local highs will be updated. The growth target is currently set at the level of 150.
Thank you for like and share your views!
Comment: The Japanese yen is most likely going to update last year's high; this is, surely, a longer-term target. About a more short-term idea, we expect the US dollar to continue to strengthen. At the moment, the limit buyer continues to support growth for this pair. We highlight two scenarios for ourselves.
Growth should not be long in coming and within 1-2 trading days local highs will be updated. The growth target is currently set at the level of 150.
Thank you for like and share your views!
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