Pashabxl
Long

USDJPY: 101.3 remain solid. Objective 102.5

FX:USDJPY   U.S. Dollar/Japanese Yen
USDJPY             has faced a little turbulence last week based on FOMC minutes and the releases of US statistics.
But since then, the pair took again its "natural" path and this path will face an impetus as soon as FED will decide to increase the interest rate. But we are not there yet.
At the present time, 101.3 became a more solid support i.e STOCH level which did not reach an oversold level at all.
On a big picture, we are in a falling wedge pattern and the question is when will it be broken from the upside.
The target remain 102.5. And the path to 102.5 remain solid and even more then ever :-)
FED or BoJ may have an impact on the pair. FED will not have any proper announcement before mid August. BoJ may keep the rate unless inflation is given a proper upside signal which is not the case yet, although Japan is heading towards its inflation target which is 2% but we are not there yet....
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thanks
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Hey man I really hope so. Thanks :)
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I am watching it too. Agree we are in this trading range and back up we go, unless Yellen says anything which I doubt
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