USD/JPY

2019년 6월 26일

The dollar yen pair has passed, and it's currently retesting the important support/resistance at the 108,000 price level. To testify the importance of this level, on the weekly chart it can be seen that it coincides with the fibonacci retracement 0.618, tested several times during the last two years.

From a fundamental point of view, what reinforces my idea of going short is the expectation that the FED will actually decide to lower interest rates, hence a possible depreciation of the dollar.