FX:USDJPY   U.S. Dollar/Japanese Yen
This pair is now firmly Bullish both technically and fundamentally following the Fed rate hike and the current state of the Japanese economy.

On the weekly timeframe we are in a clear uptrend and the daily showed signs of that continuing by making a new higher high recently. We retraced back to the 50% fib level and have now broken back above the key 121.80 support/resistance area. I an now long looking for the first target back at the recent 123.75 highs followed by 125.00.

Longer term we could see new weekly highs up at 127.00 and 128.00
Nice call
+1 Reply
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder 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 Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out