USDJPY: Yen, When Will You Stop 🇺🇸🇯🇵
USDJPY is unstoppable.
The pair is growing sharply from the beginning of the year.
Here are two important historical points for you to watch.
- 118.2 - 118.8 is a 6 years' high.
The price is currently approaching that structure and with a high probability, we will see a pullback from that.
Trading against the trend you should wait for a decent confirmation before you short. - 125.1 - 126.0 is a 20 years' high.
In case the 6 years' high is broken that will be the next long-term goal for buyers.
Good luck!
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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.