**USDJPY - The pair is heavily bullish and headed toward it's origin high 128.70 zone from May 1, 2002. We could see a slight correction before the continued movement higher, but currently there's no signs of a bearish turn-around. Hopefully, we will see a nice decline from the record high level, as we've seen in previous historical data.
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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The pair is extremely overbought but still making higher and higher level. In 10 years experience of trading i've never seen so much bullish movement without correction. Main reasons the economic data of USA but most of all the war in Ukraine (every serious war in the world helps usd). Better avoid this pair...(no technical analysis is helpful)
BKTradingAcademy
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@neatsgr2018, You're right! We've never seen this before, and definitely need to take caution. The market is not following technicals like we're used to seeing, thus, we have to be adaptable and trade what we see. It's an interesting time in our world. :) Thanks for sharing!
ogboriefor
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Thorough analysis. I have always trust your senses of judgment
BKTradingAcademy
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@ogboriefor, Thank you :) Wishing you a successful trading week ahead.