💬Description: The situation for the Japanese yen is significantly different from other trading instruments. Surprisingly, the yen has a good chance of strengthening against the dollar despite its global strengthening. The growth of the yen is, of course, limited and is currently located at 147.273. The level of 150.286 acts as quite strong resistance, and it is expected that this trend will continue in the short term. This barrier for buyers has a high probability of false breakouts, so this needs to be taken into account when placing your trade.
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JPY has been underperforming for such a long time due to BOJ actions which make it very difficult for me to buy JPY before seeing any Daily confirmation like creating new lower low or lower high or trend line bearish breakout.
TradePlus-Fx
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@mohemati, Agree with you I am just yaking about short-term view (sell in short-term frameworks)
TradePlus-Fx
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It is important to know your opinion🙌 What are your ideas for USDJPY?🤔