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DraganDrenjanin
Jan 4, 2014 12:43 AM

USDJPY The long-term forecast.My View Long

U.S. Dollar/Japanese YenFXCM

Description


My views for the chart!
In the long term this currency pair is up trend. But I think here in this area between the two blue lines is a trend reversal down.
This is also the area where the trend lines intersect, as you can see on the chart, and where there is a saturation of the market.
As you can see we have a strong line of resistance.
Confirmation of this is the refusal prices several times from the line.
Therefore my conclusion is, long-term SELL!
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