Hello there! I think we are going to enjoy a smooth ride to the upside throughout this week as the protocol has been broken by the USDJPY pair. The strong resistance level has been broken, showing that the bulls have completely taken over the market. I think, historically, the next target area for this pair is 147.06. In the H4 timeframe, a strong bullish engulfing candle has formed, showing us the next direction that the market is heading.
Conclusion: USDJPY is long.
Conclusion: USDJPY is long.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.