Too Good To Be True for Yen
When the first time I share my thought and my chart to everybody about this USDJPY monthly chart pattern in several years ago and repost in early January/February 2024, the reaction was "no way"...."impossible"...ect. But then it break the resistance above 152. What else teh reaction?
Near term resistance will be 155-157 areas, but then Japan probably get the intervention underway. But how long it would stay? We have no idea..
BUT if Japan too late to do such a thing, we probably seeing another high in coming months, especially if BOJ no raise their rates or Federal Reserve hold their rates for another months until September or November 2024!
Near term resistance will be 155-157 areas, but then Japan probably get the intervention underway. But how long it would stay? We have no idea..
BUT if Japan too late to do such a thing, we probably seeing another high in coming months, especially if BOJ no raise their rates or Federal Reserve hold their rates for another months until September or November 2024!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.