Tickmill’s Investing Diva, USDJPY Daily Outlook 13-08-20

<p>USDJPY Daily Outlook 13-08-20 – On Wednesday we found out that the UK has entered a recession after GDP plunged by a record 20.4% in the second quarter, U.S. commercial crude oil inventories decreased by 4.5M barrels on a week-on-week basis, and consumer price index rose in July. Meanwhile, Australia’s unemployment rate came in better than expected.</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>Thursday’s biggest economic event is Germany’s inflation rate.</p>
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<p>Today I’m looking at the USD/JPY pair which is on its way to complete a double bottom bullish reversal chart pattern on the 4-hour chart, but is facing a bit of a resistance at 107. Once this temporary pullback is over, we could expect the pair to complete the double bottom pattern and reach 108 in the medium term.</p>
<p>How fast do you think the pair can reach this bullish target? 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/market-news/tickmills-investing-diva-usdjpy-daily-outlook-13-08-20/">Tickmill’s Investing Diva, USDJPY Daily Outlook 13-08-20</a> appeared first on <a rel="nofollow" href="https://blog.tickmill.com">Tickmill</a>.</p>