Great Sell opportunities op this pair. Its the first time since 2015 that price is this high on the monthly timeframe.
Pulling back to the 79.6 and seeing some rejection to the downside.
Due to the DXY breaking of the decending trendline to the upside we can see there is more demand of the USD. On the USD/JPY chart we can see a nice bullish engulf on the daily and a nice dubble bottom for us to know its a change of direction sign.
