Get started
Alexander_Amon

Rising indizes could push it up to 110 area

Long
U.S. Dollar / Japanese Yen (FX:USDJPY)  
Alexander_Amon  
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis USDJPY usdjpylong
1
2
trendanalysis usdjpy usdjpylong
Recent week we saw a nice risk off pushing money into JPY, all JPY crosses had a massive sell off.
The price rejected at the weekly bullish block around 106.8.
We could see a buy to 110 area, but keep in mind that any breach of the 106.8 area with massive sell candles could lead us to 105 area before the trend changes.
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.