As demonstrated in the chart USD JPY is on a bearish journey for a long time but first testing 137 area! There are quite important events ahead such as Bank of Japan interest decision and USA GDP growth . Most importantly Federal Bank of USA session at 30-31 January witch will decide the faith of USD JPY. expecting the overall trend to be bearish and 137 to be the supporting base and 140 to be the resistance in the upcoming weeks till the session.
Trade active
Trade closed: stop reached