ridethepig

USDJPY ready to break higher

FOREXCOM:USDJPY   U.S. Dollar / Japanese Yen
=> Here we are eyeballing a break of the long term trend line since 2015 finally unlocking 114.xx and 115.xx for a test.(edited)
=> With NFP today expected to overshoot we are going to see further USD strength and as a result the highs here remain naked for a test and sweep.
=> If we can comfortably take the 115.xx we are going to start tracking 2016 highs and beyond...
=> There is little to see to the downside, with all dips remaining competitive and little reason to buy JPY here.
=> GL all

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.