tradingwithyg

USDJPY - Monthly Chart Analysis

Long
FOREXCOM:USDJPY   U.S. Dollar / Japanese Yen
Price created a LH in the structure at the beginning of March and has been moving nicely to the upside. There is some major rejection happening at the 110.3 level. If price is able to get above and hold daily resistance, 29 EMA, and trend resistance there could be a runup to 115. Everything depends on what will happen with the U.S. dollar of the next several weeks.

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