Looking to the monthly chart of USD/JPY shows that the pair has reached the very strong resistance of 118.48. Keeping this level will give a very good opportunity to sell.
Note
Although the pair was going to touch its support at 117.00 today, but still there is no evidence to say it is going to start being bearish. To say so we will have to wait until the pair breaks 116.50
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.