Daily Forex Forecast, Sept 02 – USD/JPY Breaks Ascending Triangle Pattern

Name: Daily Forex Forecast, Sept 02 - USD/JPY Breaks Ascending Triangle Pattern
Uploaded: 2020-09-02T14:19
Duration: 3 min 24 s
Channel: Arslan Ali
Description: The USD/JPY pair is trading at 106, having violated the ascending triangle pattern at 105.950. These typically drive Sharpe buying in the market; therefore, we can expect the USD/JPY pair to soar sharply until 106.500 level and even higher.

Written by Arslan Ali

Arslan Ali

Arslan is a seasoned expert in the world of derivatives, with a specialization in cryptocurrency, forex, commodities, and indices. As a professional live webinar speaker, he shares his insights with audiences worldwide.

, | Updated: November 9, 2023

The USD/JPY pair is trading at 106, having violated the ascending triangle pattern at 105.950. These typically drive Sharpe buying in the market; therefore, we can expect the USD/JPY pair to soar sharply until 106.500 level and even higher. Check out the USD/JPY price forecast video to learn more about trade ideas. Good luck

TradingPedia.com is a financial media specialized in providing daily news and education covering Forex, equities and commodities. Our academies for traders cover Forex, Price Action and Social Trading.

Forex Market: EUR/GBP daily forecast During yesterday’s trading session EUR/GBP traded within the range of 0.7951-0.7980 and closed at 0.7956.At 7:24 GMT today EUR/GBP was gaining 0.05% for the day to trade at 0.7961. The pair touched a daily high at 0.7966 at 7:12 […]
Forex Market: GBP/USD trading forecast for Monday Friday’s trade saw GBP/USD within the range of 1.4697-1.4897. The daily low has also been the lowest level since June 22nd 2010, when a low of 1.4688 was recorded. The pair closed at 1.4744, falling 0.93% on a daily basis and marking a fourth […]
Market Observations for October 8th, Stocks to watch The US Markets finished on the green yesterday, with the Dow, S&P and Nasdaq adding 0.92%, 0.83% and 1.05% respectively. Two important things cheered the market – the debt ceiling deal and the favorable labor market conditions reported so far. […]
BNP Paribas SA posts decreasing fourth-quarter net profit BNP Paribas SA, which is currently the largest bank in France, posted a surprising decrease in its profit for the fourth quarter after putting away 1.1 billion dollars connected with a review of payments to parties subject to economic […]
Bank of America shares close higher on Monday, quarterly profit tops expectations as loan growth, higher interest rates support Bank of America Corps first-quarter profit, reported on Monday, outstripped market expectations, as higher interest rates as well as loan and deposit growth supported overall performance.Bank of America shares closed higher for the […]
Commodity Market: Support and Resistance Levels for Monday (November 21st 2016) Silver (SI) for December delivery (1 Troy Ounce)R1 – $16.653 R2 – $16.682 R3 (Range Resistance – Sell) – $16.711 R4 (Long Breakout) – $16.797 R5 (Breakout Target 1) – $16.898 R6 (Breakout Target 2) – $16.943S1 – $16.595 S2 – […]

Related News