Tag - jpy - japanese yen

Weekly Forex Outlook: July 30 - August 3
Weekly Forex Outlook: July 30 - August 3

The US dollar does not want to give up and remains close to the highs of 2018. America enjoys solid economic growth despite trade tensions with other countries.

USD/JPY: yen entered a dead area
USD/JPY: yen entered a dead area

USD/JPY entered a dead area. Bulls are trying to return the pair inside the previous trade channel and continue the advance towards the 200% target of AB=CD.

EUR/JPY: bulls are acting
EUR/JPY: bulls are acting

On the daily chart of EUR/JPY, after the pair reached the 78.6% target of the “Gartley” pattern, it rebounded down.

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