Is the USD/JPY about to rally again?
Updated
Hey Traders so I noticed that the USD/JPY has been getting stronger alot since the beginning of the year. I think it has alot to do with of course the US Dollar weakening. But I saw that now it has pulled back and I think it might be a good buying opportunity. I know that BOJ will have interest rate decision soon but I think that there are some good resistance levels to watch for breakout.
Enjoy
Trade Well,
Clifford
All opinions expressed are for educational purposes and this is not a recommendation to buy or sell).
(Always use risk management before entering any trade).
(Past performance is not guaranteed for future results.)
Enjoy
Trade Well,
Clifford
All opinions expressed are for educational purposes and this is not a recommendation to buy or sell).
(Always use risk management before entering any trade).
(Past performance is not guaranteed for future results.)
Note
Now it has cleared resistance above 108.47 so it looks good to buy.
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