FOREXCOM:USDJPY   U.S. Dollar / Japanese Yen
Price has been moving in a parabolic manner since March. There was a few times in recent structure that price formed a doji star and it seemed like price would reverse but it didn't. Similar to the monthly chart, price is nearing a major resistance zone + trend resistance. If bullish momentum continues to show from the dollar price will continue to trend nicely. There is a chance that price can consolidate in this region for some time.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.