U.S. Dollar / Japanese Yen
Long
Updated

USDJPY will it go higher?

91
Hello everyone!
I want share my idea about USDJPY.
last few week we saw USD weaker than other Currencies, but now we see Trend Change after test 140.000 LVL. If we look at JPY index we will see price moving with strong seller but still uptrend, i think JPY will move lower and dollar will still dominant in the race.

If we look at technical with simple Support/Resistance strategy price going higher it broke some resistance levels and had pretty nice reactions from supports i think price will brake easy 140 LVL and will go to check 151 Resistance.

Soon we will have China and America meeting which will be about rates, i think it will affect at dollar index and it is starting place which is signal the meeting will go well.

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Price action is pretty nice it opened with huge gap i think it will continue move upside.

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