USD/JPY and AUD/USD Forecast August 11, 2020

by birtanpublished on August 16, 2020

from daily 4x this is chris taking a look at the dollar yen you can see the dollar yen has rallied for the day but gave back the gains in the end so to me it looks like we're probably gonna

Try to roll over again um the 50-day ema offers a lot of resistance the 107 and a half level of course does i think we're going to try to target the bottom of this

Candlestick and then after that 102 followed by 100. uh ultimately i have no interest in buying this pair even though the japanese yen is considered to be a safety currency right along with the

Dollar the aussie has been choppy during the day but really it just doesn't seem to have anywhere to be there's a massive amount of support at 71 going down the 70 so i think the dips will probably be

Bought into no rush to get involved this is a just grind higher as long as the fed continues to pump the markets full of green banks it does make sense that you look for

Value and go long

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