Traders, USDJPY has been extremely bullish for last few months and this Forex pair is the one giving most of the strength to DXY (Dollar Index). Now USDJPY could be reaching an FCP zone along with a multi year cross trend line. This can give us the final target for our bullish trades and may also give us good opportunity for short trades depending on a good confirmation at least on the daily time frame.
Rules: 1. Never trade too much 2. Never trade without a confirmation 3. Never rely on signals, do your own analysis and research too
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____________________________________________________ 📌 DISCLAIMER The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only. Not a financial advice or signal. Please make your own independent investment decisions. ____________________________________________________
@johnpeace1, Bro, it is analysis not a trading plan.Do you trade on monthly chart? The chart and analysis is just showing a monthly zone which can act as barrier in coming days and weeks.
Also the description said "good confirmation at least on the daily time frame."
kokulan1985
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@vikinsa, can we see significant retracement to the downside in coming days ?
kokulan1985
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@vikinsa, I am your silent fan... your analysis are so neat and accurate