With a major structure level at 115.561 being broken USDJPY appears to be very bearish in the upcoming weeks and months. With the implementation of negative interest rates, and break in support USDJPY is likely to revisit the 110.00, 105.00 and potentially 100.00 levels.
Trade active
Target 1 hitNote
Looks like this pair is still headed on its way downTrade active
Target 2 hit.Note
After a retrace, market looks like it's preparing for another bearish move
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.
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.