dptraders

USDJPY - Mid term trend

FX:USDJPY   U.S. Dollar / Japanese Yen
3
Taking a small position here for USDJPY. Could see a mid term pull back for the month of June. USD index looks like it's ending it downward trend on the monthly cycle. Let's see where the hike takes us. However, it needs to take out the highs on the chart to form a decent intermediate bullish trend.
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.