USDJPY - Long term view (Updated)
This is the USDJPY updated chart
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Where we are:
Long term - 6+ months, USDJPY should be eventually breaking out above 123 targeting 134.6. This is a long term set up so position management will be key.
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Where we are:
- Price has fallen steadily to reverse near 106 levels. (Refer to the attached previous chart set ups)
- Moderate uptrend should see a leg to 118 - 115 region before pulling back lower to 106 - 102 region
- Ideally, buy orders near 100 with an aim to hold for quarters will be a good play.
Long term - 6+ months, USDJPY should be eventually breaking out above 123 targeting 134.6. This is a long term set up so position management will be key.
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