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Monday, February 08, 2021

USD/JPY is likely to breakout as the Fed might tight its policy

USD/JPY is likely to breakout as the Fed might tight its policy

USD/JPY OANDA:USDJPY



+63 pips registered on the previous long position. The technical suggest that the breakout from the ascending channel is still highly possible. Moreover , the recent discussion on tightening the monetary policy by the American Central Bank (Fed) due to the updated inflation expectation (https://ift.tt/36NFY56) give me more of a bullish vision here.



from Trading Ideas https://ift.tt/2Lz9KmO
via gqrds

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