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USDJPY Is Sitting on a Significant Level of Support

Long
U.S. Dollar / Japanese Yen (FX:USDJPY)  
trinitytutors  
FX:USDJPY   U.S. Dollar / Japanese Yen
USDJPY Forex trading forecast Fundamental Analysis technical analysis
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usdjpy forex trading forecast fundamental technical analysis
This weekly chart reveals that the dollar-yen has reached a crossroads of sorts. Given the support offered at this level in combination with the yen's medium-term bearishness and the dollar's longer-term bullishness, I will be looking for the initiation of an upward trend to enter a long position.
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