ATradersViews

Usd/jpy - stay long while in the 1hr trend channel

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
Us/jpy (long) has shown good technical upside and good price action. During May the usd was weakening a lot but usd/jpy was failing to trade lower which showed me how strong it was. Technically there was resistance at 108.09. Once it broke through this level it moved sharply higher. I expect the strength to continue and would look to buy dips.
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