Trading Room

Weekly Forex Analysis May 16 – 20, 2022 – JPY Creates Returning Scenario Pattern

May 16, 2022 | 5:42 pm | The 5%ers' Blog > Trading Room
May 16, 2022 | 5:42 pm
The 5%ers' Blog > Trading Room
Weekly Forex Analysis May 16 – 20, 2022 – JPY Creates Returning Scenario Pattern

The commodity is still rising according to inflation and the overall context

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In today’s trading room, we analyze the DXY, JPY, commodities, and EURUSD, JPY creating returning scenario pattern.

Lack of Supply in the food market. Wheat has extended gains after India closed their exportations.

The commodity is still rising according to inflation and the overall context.

EURUSD is very weak but still stands in a strong yearly demand zone.

 

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