UsdJpy- Will it test 150 again?
Updated
Two weeks ago I drew attention to the 145 level that should provide support for UsdJpy.
Indeed, the pair reversed twice from this level with a very strong reversal last Friday.
As we clearly see from the chart, the trend is strongly bullish, and the only thing that brings some buying power for JPY is BoJ.
I expect continuation to the upside and a new test of 150.
However, as I just said, KEEP IN MIND A BOJ INTERVENTION AND USE STOP LOSS!!!
Indeed, the pair reversed twice from this level with a very strong reversal last Friday.
As we clearly see from the chart, the trend is strongly bullish, and the only thing that brings some buying power for JPY is BoJ.
I expect continuation to the upside and a new test of 150.
However, as I just said, KEEP IN MIND A BOJ INTERVENTION AND USE STOP LOSS!!!
Note
UsdJpy is trading almost 150 pips above yesterday's low.If BoJ stays on the batch, I think 150 will be reached
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