Usd/jpy - stay long while in the 1hr trend channel

7 ביוני 2020

Us/jpy (long) has shown good technical upside and good price action. During May the usd was weakening a lot but usd/jpy was failing to trade lower which showed me how strong it was. Technically there was resistance at 108.09. Once it broke through this level it moved sharply higher. I expect the strength to continue and would look to buy dips.