On Tuesday, September the 24th, Democratic House Speaker Nancy Pelosi launched a formal impeachment inquiry against President Donald Trump after new allegationsarose linking Trump’s actions to his own political benefit. The new allegations are concerning a phone call that took place in July of this year between President Trump and the President of Ukraine Volodymyr Zelensky.
At the initial impeachment announcement, the market had a bearish reaction, but pairs with the USD soon recovered on upbeat New Home Sales that were released today at 713K ahead of the 660K forecast and previous fact 666K. USDJPY has experienced a nice day of growth, currently trading at 107.736.
On a 4HTF Parabolic SAR has reversed up. The price is entering the Ichimoku Cloud, Lagging Span getting ready to intersect the price chart and the Base and Conversion line are heading towards each other for a Golden Cross. Long positions look to be more favorable at this time with target areas first at Leading Span A resistance 108.045, then September high at 108.477 and then at further resistance 108.892.
At the initial impeachment announcement, the market had a bearish reaction, but pairs with the USD soon recovered on upbeat New Home Sales that were released today at 713K ahead of the 660K forecast and previous fact 666K. USDJPY has experienced a nice day of growth, currently trading at 107.736.
On a 4HTF Parabolic SAR has reversed up. The price is entering the Ichimoku Cloud, Lagging Span getting ready to intersect the price chart and the Base and Conversion line are heading towards each other for a Golden Cross. Long positions look to be more favorable at this time with target areas first at Leading Span A resistance 108.045, then September high at 108.477 and then at further resistance 108.892.