USDJPY Long Term outlook
1D Chart: The pair reconquered the $0,93 level which predicts further advances. A formation resembling a double bottom is visible on the chart and the moving averages further support the uptrend which could push the exchange rate as high as $0,94 in the near future. The $0,93 level and the moving averages should act as supports from this point on.
On a larger timeframe a channel might be developing between $0,92-$0,94, it might be worth to keep this in mind.
On a larger timeframe a channel might be developing between $0,92-$0,94, it might be worth to keep this in mind.
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