Multiyear pattern starting to play out in the USDJPY
The USDJPY has been rangebound at the top of a massive growth spurt. For several weeks it has not been able to break above 151.878. Currently we have a flag pattern on the hourly graph that signals a decline is in process.
Hourly Target 150.417
For those of you who think that the Japanese yen is in for a shakeup and a turnaround can hold on to the daily graph target of 142.51.
I want to remind you that we are at a multiple decade high, last time the yen was worth so little was back in 1989.
Hourly Target 150.417
For those of you who think that the Japanese yen is in for a shakeup and a turnaround can hold on to the daily graph target of 142.51.
I want to remind you that we are at a multiple decade high, last time the yen was worth so little was back in 1989.
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