From the current price action, we may expect the bullish run to continue for USDJPY pair as it has already broken the structure at monthly R1 at 110.691. If price falls down below the last higher low at 110.00, we may see a change in the trend and maybe the end or some retracement of this bullish run, otherwise we expect that the move higher to continue up to the Monthly R2 PP at 112.05.
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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.