USDJPY analysis on monthly chart.
Penant/Triangle forming Now. But as 105.000 Line is a very strong historical Support line, & as per market environment & Outlooks, I suppose USD will get stronger. Its mostlly possible for USDJPY going bullish for a good 3 month.
Credits/Seed Idea : My Mentor
Penant/Triangle forming Now. But as 105.000 Line is a very strong historical Support line, & as per market environment & Outlooks, I suppose USD will get stronger. Its mostlly possible for USDJPY going bullish for a good 3 month.
Credits/Seed Idea : My Mentor
Comment:
In the event of an unfortunate breakout, USDJPY *might* fall back to bellow support/resistance level. Otherwise, it will go up hopefully till 125.00o line.
