#JPYUSD Long term view shows weaker US$ and re-test of 110

OANDA:USDJPY   U.S. Dollar / Japanese Yen
Hi All, my main 3 take-outs from this analysis are the following:

1- In the weekly chart - so long term view - the US$ is possibly going to re-test the 110 area (at least!). In fact, in that area we have a strong uptrend line (in red) which will possibly act as support

2- The cross came out from a descending channel which lasted since the end of 2016, and this breakout happened in March this year

3- Fibonacci tool suggests that the cross might not only re-test the 110 level (38.2 fibo level) but also test the 109 and the 107 (50% and 61,8%)

Not a financial advice, just personal opinion. Do your own due diligence and good luck!

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