TradingView
ProFX_Strategist
Oct 8, 2016 7:36 PM

USDJPY - Longer-Term Downtrend Continuation: Long

JAPANESE YEN / U.S. DOLLARICE

Description

Note(s):

This is JPYUSD (USDJPY inverted);

Basically, from what I see, the uptrend of JPYUSD is just looking started (strong & intact)... But I expect some kind of a pullback at this point (based on smaller time-frame price action signs) (& based on my feeling of the price action; the pullback is most likely going to be quite deep), before a resumption of the uptrend (see chart).

Best regards.
More