USD/JPY - US Stimulus, "Buy the rumour Sell the news" target 102
"Biden Aides Tell Congress Allies Aid Plan May Be About $2T - CNN"
- We've seen an initial rally to the news that Biden's aid plan will be higher at $2 trillion compared to the initial estimate at $1.3 trillion.
- Saw an initial rally, however pulled back fast from highs (~1.42)
- Potential "Buy the rumour sell the news" could be in play
- 104 level + trendline Key resistance
- If broken idea invalid
- We've seen an initial rally to the news that Biden's aid plan will be higher at $2 trillion compared to the initial estimate at $1.3 trillion.
- Saw an initial rally, however pulled back fast from highs (~1.42)
- Potential "Buy the rumour sell the news" could be in play
- 104 level + trendline Key resistance
- If broken idea invalid