So as you can see from my TA i am expecting USD/JPY to rise from here, i have been keeping a close eye on this pair over the last week and my overall outlook has been long and that is staying the same unit i have confirmation otherwise, the pair currently seems to be testing 23.60 fib which is also a key area of support based on price action analysis, it is also being supported by ema and the downwards trendline which now could have turned to support instead of resistance! It also hasnt filled the previous gap so this is another reason i am bullish.
Please follow your own analysis i have just carried this analysis out to see if people agree or disagree with me.
I am aware there are fundamentals today and i will be keeping a close eye on the dollar.
Please follow your own analysis i have just carried this analysis out to see if people agree or disagree with me.
I am aware there are fundamentals today and i will be keeping a close eye on the dollar.