The USD/JPY is currently at levels last seen in 1988, the second correction in the upcoming bull run is complete, and more dollar strength may be ahead. Although this is a strong resistance level, I think price may break through to levels around 157.78 as a first target. This would represent an equivalent length of the first impulsive wave that started in January 2012 and ended in May 2015.
There is also a very good chance that the current wave could last twice as long as one, or at least 1.618 times as long.
Disclaimer: The information provided here is only for educational purposes and should NOT be taken as investment advice.
There is also a very good chance that the current wave could last twice as long as one, or at least 1.618 times as long.
Disclaimer: The information provided here is only for educational purposes and should NOT be taken as investment advice.