USDJPY market analysis
I currently have a bearish bias on USDJPY. DXY has confirmed its bearishness and JPY made a historic decision to raise their interest rates. These two factors are my primary reasons for supporting bearish price action on USDJPY going forward. That being said I see one more bullish push higher on USDJPY up into the red box shown on the chart. Once we reach into that box I see us being able to sell lower down all the way to 141.500 - 140.000 levels. 150.000 - 140.000 is 1000 pips of price action. It should be an exciting few weeks going forward
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.