Tickmill’s Investing Diva, USDJPY Daily Outlook 29-04-20

<p>USDJPY Daily Outlook – On Tuesday oil turned positive, we found out that the French consumer confidence saw a record fall in April, so the French Prime Minister said it’s time to emerge from the coronavirus lockdown, but the UK is not ready to change social distancing measures.</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>
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<p>On Wednesday we’ll be looking at the all-important FOMC rate decision as well as the NBS manufacturing PMI from China.</p>
<p>Today I’m looking at the USD/JPY pair which is just testing below the daily Ichimoku cloud. The pair has been under a bearish pressure as of late, and if a break below the key support level of 106.45 is confirmed, we could see even further drops towards 105.</p>
<p>However, keep in mind that a break below the cloud is also normally followed by a correction, which could be ideal for the bears to short the pair at a higher price and gain more profit.</p>
<p>How low do you think the USD/JPY pair will go? 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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