Tickmill’s Investing Diva, USDJPY Daily Outlook 14-04-20

<p>USDJPY Daily Outlook – On Monday Governors across the U.S. said they plan to coordinate regional efforts to reopen businesses and ease social-distancing guidelines, however analysts expect the new normal to look anything but, with safety shields, blood tests and plenty of space between customers. The major currency pairs appear to be in the calm before the storm.</p>
<p>Welcome to the Tickmill update, I’m Kiana Danial the founder of the Invest Diva movement. Make sure to subscribe to the <a href="https://www.youtube.com/channel/UCygXlFW43dWBKnNty1s-W_g">Tickmill YouTube channel</a> and support us by liking and sharing this video with your forex trading friends.</p>
<p>On Tuesday we’ll keep up with COVID-19 updates and will also hear from a number of Fed members as they hold briefings throughout the day.</p>
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<p>Today I’m looking at the USD/JPY pair which has broken below the Ichimoku cloud on the 4-hour chart, with all other Ichimoku moving averages sending a bearish signal.</p>
<p>The pair has found support at the 38% Fibonacci retracement level of 107.64. If the bearish momentum continues, we could see the pair reach the 50% Fibonacci retracement level of 106.45 in the next couple of days.</p>
<p>Do you think the bears will win soon? Head over to the Comments section and let me know.</p>
<p><strong>Disclaimer: The material provided is for information purposes only and should not be considered as investment advice. The views, information, or opinions expressed in the text belong solely to the author, and not to the author’s employer, organization, committee or other group or individual or company.</strong></p>
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<p>The post <a rel="nofollow" href="https://blog.tickmill.com/fund-analysis/tickmills-investing-diva-usdjpy-daily-outlook-14-04-20/">Tickmill’s Investing Diva, USDJPY Daily Outlook 14-04-20</a> appeared first on <a rel="nofollow" href="https://blog.tickmill.com">Tickmill</a>.</p>