USDJPY is gaining strength

By Biznes-Broker | Analysis of the financial markets | 11 Aug 2021

USDJPY

Despite the expected weaker data for the US, this currency pair is clearly strengthening. We now have the first positive signal to indicate a rebound as we broke the last high. At a time when we expect a correction on pairs with the US dollar, I expect the price to get closer to the marked level and there will be an opportunity to go long. I do not get a short position because at the moment the assumptions are bullish.

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Biznes-Broker

Trader, cryptocurrency and forex market analyst. Editor of investor magazines: EN: http://biznes-broker.com/ PL: http://pvq.pl/ By giving me a tip you donate it to charity. All collected funds will help children and animals in need.

Analysis of the financial markets

Subjective view of the financial market. Mainly Forex, Indexes and Commodities. Analyzes based on technical analyzes. All analyzes are my view of the market. It is not recommended to make trading decisions based on the information provided. You can check my work here: EN: http://biznes-broker.com/ PL: http://pvq.pl/