ninasimone
Long

Will USDJPY continue weekly trend?

FX:USDJPY   U.S. Dollar/Japanese Yen
97 0 1
USDJPY             has been in an uptrend for several days in a row, and it seems that the price cannot go higher and it's time for a breather, but if we consider the situation in terms of weekly and monthly timeframes, we will notice the price still needs to go up by several thousands bps             to reach the upper bound, i.e. the annual high, so if the price stops, it will happen no earlier than 1,000-2,000 bps             before the target. So, you can continue to search for entry points as and when the pair moves upward.

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