Instrument: USDJPY
Technical Analysis
Bearish Preference:
Buy position is envisaged if price trades above 103.836 with take profit at 103.975
Bullish Preference:
Sell position is envisaged if price trades below 103.556 with take profit at 103.439
Fundamentals:
USD CB Consumer Confidence 4PM
Comment: The dollar was down on Tuesday morning in Asia, after seeing small gains earlier in the session amid ever-rising numbers of global COVID-19 cases and doubts over both the size and speed of further U.S. stimulus measures.
Meanwhile, the U.S. is due to release a slew of economic data throughout the week, including the fourth quarter GDP.
Analysis: SCRUM Team
