USDJPY Analysis of 08.04.2022

Very interesting operating conditions are being created, speculative opportunities that ...

The bullish flag appears to be working, but a strong negative reaction occurred tonight on the 124.20 price after news involving JPY.

Technical analysis requires us to wait for the test of this latest price, for sure if it closes above 124.20 then the central trading target 124.40 could be considered.

The bullish channel still seems to be respected and therefore we continue to respect it, however we are not in a position to open buy positions because the price is too intermediate, we will wait for the test of 124.20 / 40.


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