USD/JPY price analysis- 10 August 2020. USA interest rate decision is the best thing that happened for the US Dollar. The enormous pressure it has been facing may be at an end now, as the market reacts to the decision.
USD/JPY DAILY CHART
The Bulls are coming into the picture after an interesting enormous pressure on the dollar recently.
Our bias is based on the fundamental aspects & price action. We have set trigger points above the 104.326 zone, targeting the 104.893; 105.297 & 105.819.
The technical summary is also looking at price the same way we are.
Technical summary from investing.com
Keep an eye out of this idea on our telegram channel here & remember risk management is optimal, this is merely a trade idea not financial advice.