USDJPY Analysis 28 November 2017
The dollar currency continued decrees because unstable economic situation. Though Jennet Yellen comment about hike interest rate on December but she concern about inflation that hike rate fast maybe inflation not rise to goal of central bank. So investor concern about unstable situation then they move money to safe asset like gold and yen currency
Technical analysis, price making divergence on time fame 1 and 4 hours that reversal pattern is the same direction with dollar index. Harmonic pattern, price is making bullish shark pattern that price must to test 112.21 to the end pattern
So we recommend open long position at 111.20 and close order near 112.21
The dollar currency continued decrees because unstable economic situation. Though Jennet Yellen comment about hike interest rate on December but she concern about inflation that hike rate fast maybe inflation not rise to goal of central bank. So investor concern about unstable situation then they move money to safe asset like gold and yen currency
Technical analysis, price making divergence on time fame 1 and 4 hours that reversal pattern is the same direction with dollar index. Harmonic pattern, price is making bullish shark pattern that price must to test 112.21 to the end pattern
So we recommend open long position at 111.20 and close order near 112.21