USD/JOY MAY START GOING UP

25 Oca 2022

If a Candle on either daily or the 4-Hr Time Frame can close above the Support line, and also on the other side of the thick red Trend line, then, prepare for a leg up. We are still waiting for the right time to buy. One major determining factor is the upcoming FOMC meeting. If interest rate rises from there and the Fed signals even more rate hikes, then, it is very likely that the pair will rocket up from here.

Good luck

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