As the market is waiting for the release of the American Nonfarm Payrolls (NFP), let’s pick a currency pair that will definitely show a big reaction to this event.
Tag - jpy - japanese yen
On the daily chart of USD/JPY, bears try to move the pair outside the triangle and lower border of the upward channel.
On the daily chart of EUR/JPY, there are implementations of the "Broadening wedge" and "Shark" patterns (88.6% target).
The Japanese yen gained on Wednesday and Thursday against the US Dollar on the comments from the Federal Reserve Chairman Jerome Powell.
Let’s get into the fundamental factors which have an impact on the key currencies…
AUD/JPY is testing levels above the 50-week MA at 82.79.
On a daily chart of EUR/JPY, the consolidation as a part of the implementation of the “Broadening wedge” pattern continues.
On a daily chart of USD/JPY bulls could not move the pair outside the triangle.
Yesterday, the Fed Chair Powell disappointed the USD traders by his dovish tone. What will move the market today? Find out from the video!
Narrowing bullish Ichimoku Cloud with falling Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with narrowing channel Tenkan-Kijun.
Watch and find out how to trade the US Dollar index, NZD/USD and USD/JPY!
Irregular narrow bearish Ichimoku Cloud with horizontal Senkou Span A and B; a cancelled golden cross of Tenkan-sen and Kijun-sen with horizontal lines.