Is USDJPY Heading To 95 Longterm?

Short

U.S. Dollar / Japanese Yen (OANDA:USDJPY)

Updated

OANDA:USDJPY U.S. Dollar / Japanese Yen

Trend Analysis Support and Resistance Multiple Time Frame Analysis USDJPY USD Forex Currencies yen dollaryen dollar tradingforex

trendanalysis supportandresistance mtfa usdjpy usd forex currencies yen dollaryen dollar tradingforex

Here we look at USDJPY on the weekly chart and notice how we have broken below the trend line. The question now is where is USDJPY heading from here? On a lower timeframe there is still bullish momentum pushing USDJPY higher. If for some reason may get a squeeze higher it'll probably halt at 113.00 level; Otherwise, it's going deep south!

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