USDJPY Daily Outlook 25-08-20 - On Monday the S&P 500 and Nasdaq reached all-time highs on COVID-19 treatment hopes, we found out that Chicago Fed’s national economic index retreated in July from record-high in the prior month, and New Zealand extended coronavirus lockdown, while Australian COVID-19 cases fall to a seven-week low.

Welcome to the Tickmill update, I’m Kiana Danial the founder of the Invest Diva movement. Make sure to subscribe to the Tickmill YouTube channel and support us by liking and sharing this video with your forex trading friends.

On Tuesday we’ll be eyeing German GDP and IFO Business Climate, as well as Consumer Confidence data from the US.



Today I’m looking at the USD/JPY pair which is continuing along with the double bottom bullish reversal chart pattern I identified last week and is just about to break above the Ichimoku cloud on the 4-hour chart. The future cloud does appear to be bearish, so we could see a temporary pullback before further gains.

Do you think the USD will have a better week this week? Head over to the comments section and let me know.

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