Last year was tough for the Japanese yen. USDJPY gained more than 30% over 2022, striking above 150 in October. While anticipation of slower Fed rate hikes pulled the pair below the 130 level at the start of 2023, the speculations over the destiny of BOJ’s yield control policy grabbed the attention of the Japanese assets in the middle of January. What lies ahead for traders of the Japanese yen?
BTC/USD will meet resistance
2019-11-11 • Updated
SELL 8220; TP 7630; SL 8450
BTC/USD slipped at the beginning of June. During the recent days, it has found support in the $7,550 area and tried to recover. However, the cryptocurrency has violated the March-May trendline support. We expect that Bitcoin will meet resistance on the attempt to recover to $8,350 (May 16 high). The 50- and 100-period MAs on H4 are about to form a “dead cross” - this confirms the resistance. If our predictions turn out to be true, we’ll target the $7,600 area for selling.
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