Let’s have a look at the economic calendar.
USD/JPY: forecast for August 21-25
USD/JPY remains in short- and longer-term downtrend. Decline below 109.00 will open the way down to 108.80 (bottom of the weekly Ichimoku Cloud/August, June lows). In turn, decline below that point will bring the pair down to 108.10 (April low). A break below the latter will be a signal of the bigger top at Forex market. Resistance lies at 109.50, 110.50 and 111.00.
The market sentiment improved based on an ease of the trade war tensions between China and the US.
What if there's no uptrend or downtrend at the market? How to make money in a sideways market? FBS analyst Elizabeth Belugina will show you how to trade in ranges…
Watch and find out the key levels for EUR/USD, GBP/USD and NZD/USD for today!