
What will happen? FOMC press conference is among the primary methods the Fed uses to communicate with investors regarding monetary policy…
2019-11-11 • Updated
USD/JPY is following a bullish sequence above the 200 SMA at H1 chart and has already made a rebound above that moving average. Such level coincides with the Fibonacci area of 50% at 112.35, at which the pair is gathering momentum to continue with the bullish path. If it manages to break above September 27th highs, we can expect an advance towards the -23.6% level at 113.66.
RSI indicator is pointing to the upside, as it remains in the positive territory.
What will happen? FOMC press conference is among the primary methods the Fed uses to communicate with investors regarding monetary policy…
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