colinsheen
Long

USDJPY Sky is the Limit

FX:USDJPY   U.S. Dollar/Japanese Yen
162 0 6
I have called for long USDJPY             several times last week.
And the arguments are still valid.
  • abc correction complete.
  • price bounced impulsively from multiple wave support around 118.20.
  • upper channel break
  • weekly close above 121.316, wave ((B)) top

I think USDJPY             will go sky high from here, minimum target is 122.36,
next is 123.69, might go as high as 127.189 if the bullish trend since 2012 resumes.

This is a trending market at the moment, just enter at market price and see it fly.

by the way, will BOJ surprise the market with more stimulus? God knows.
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