Chart of the DAY: Spot USD/JPY (04/06/2020) | alb.com
The USDJPY has broken out of a channel on the 2nd June 2020, with significant momentum and closed above the 200 moving average. Indicating the potential of a shift in the trading bias. With subsequent trading sessions continuing on this trajectory, this adds further confirmation of a bullish bias. Furthermore, with the upcoming ECB meeting scheduled today with regards further stimulus of €500 billion, the uncertainty on its implementation could play into US Dollar strength.
#chartoftheday #onlinetrading #forextrading #fx #placetotrade #dailyanalysis #usd #USDJPY
82.38% of retail investor accounts lose money when trading CFDs with this provider