Hi Traders, here comes another market breakdown on USDJPY. UJ has been in an extremely strong long-term uptrend, market has rallied nearly 2700+ pips since the bottom on Dec 2020.
One of the principle i always remind myself, is that overpriced can remain expensive, undervalued can remain cheap. When the market is constantly creating new highs defending all minor/ major support, it is important for us to follow the strength.
In the video i've discussed about some day-trade setups, but long-term wise, i believe UJ could head towards much higher, but the biggest question is when will this rally end?
If you enjoy the content, make sure you follow my profile and give me a thumbs up for daily fx forecast & educational content.
Let me know your thoughts on UJ in the comment section below.
Take care and trade safe.
All the content I've posted are for educational purposes, please perform your own research and only take it as a reference.
One of the principle i always remind myself, is that overpriced can remain expensive, undervalued can remain cheap. When the market is constantly creating new highs defending all minor/ major support, it is important for us to follow the strength.
In the video i've discussed about some day-trade setups, but long-term wise, i believe UJ could head towards much higher, but the biggest question is when will this rally end?
If you enjoy the content, make sure you follow my profile and give me a thumbs up for daily fx forecast & educational content.
Let me know your thoughts on UJ in the comment section below.
Take care and trade safe.
All the content I've posted are for educational purposes, please perform your own research and only take it as a reference.