justatrader

USDJPY - Long term view (Updated)

FX:USDJPY   U.S. Dollar/Japanese Yen
691 7 18
This is the USDJPY             updated chart
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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.
good work pro so sexy
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Lol!! Thanks. But this chart is a bit scribbly. Anyways, patience will be rewarded
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please , update again , thank so much
+1 Reply
please , show chat TF H4 and TF D1 , thank
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Hi, thanks for this Interesting perspective on monthly TF. Cup & Handle pattern...
+1 Reply
Cheers! Yea, it a long term chart.. A bit more downside in store before prices start to move into a long term uptrend.
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