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.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out