Nikita_Kalinin

Dollar Would Return to October 2022 Level against Yen

Long
Nikita_Kalinin Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
USDJPY performance in the last 27 days drew a return of the mid-term bullish trend. If the dollar breaks the level of 145 JPY, I expect a touch of the 10-month high of 150 in the next four weeks. If the level of 145 stands, then a correction to 142 and 140 could happen.
Comment:
According to my analysis, a chance for USDJPY to reach the level of 150 during the next two weeks still exists.
Trade closed manually:
In the first post, I estimated that USDJPY would reach 150 by Sep 8, but it reached 147.8. I am closing the idea because the timeframe has passed.
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