This is an update to my previous USD/JPY chart, this is an overall outlook of the pair and where I think price is going next. As you can see it has recently passed monthly resistance and is getting close to the downtrend line that price has bounced off of before, from this point I can expect the price to head downwards as a result and continue it's decent to 108.130 (Target Area) zone.
*THIS IS MY OWN OPINION, PARE IT UP WITH YOUR OWN ANYALIS BEFORE TAKING A TRADE BASED UPON IT*
*THIS IS MY OWN OPINION, PARE IT UP WITH YOUR OWN ANYALIS BEFORE TAKING A TRADE BASED UPON IT*
Note
4HR chart with possible entry areas and target. Note
Note
117.859
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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.