Get started
DavidPascucci

USDJPY going over 143

Long
U.S. Dollar / Japanese Yen (OANDA:USDJPY)  
DavidPascucci  
OANDA:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Harmonic Patterns Chart Patterns USDJPY Forex Bullish Patterns signals Weekly Charts
1
0
trendanalysis harmonicpatterns chartpattern usdjpy forex bullish signals weekly
Dollar is strenghtening against all the majors, so EurUsd and GbpUsd are going downward mainly because of the expectations about another rate hike for the next Fomc Meeting. The weaker major is the JPY so UsdJpy could be the most powerful FX Major in the market right now.

TECHNICAL:

If we look at the weekly chart, we can see that UsdJpy has been supported in the green areas for the recent weeks. This is a strong bullish signal, so the next important areas of this major are between 143 and 144 for the next weeks.
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.