UJ unstoppable? Seems to be!
If you’ve been watching/trading USDJPY you would of thought for sure there would of been a reversal by now. She’s strong and alive, still!
A failed attempt at a breakdown highlighted in the circle leads me to believe we are headed for ATH’s. Not too much that I can see stopping it. We’re currently waiting for the triangle break in red at current prices to tell us our direction, upside in favor as it seems to have found some support off the blue line
We are looking for a push to the resistance level of 221.587 to ATH’s in which then we will be looking for a reversal for a short position.
Let me know what you think, it’s ok to have a different analysis! Leave a like and comment!
A failed attempt at a breakdown highlighted in the circle leads me to believe we are headed for ATH’s. Not too much that I can see stopping it. We’re currently waiting for the triangle break in red at current prices to tell us our direction, upside in favor as it seems to have found some support off the blue line
We are looking for a push to the resistance level of 221.587 to ATH’s in which then we will be looking for a reversal for a short position.
Let me know what you think, it’s ok to have a different analysis! Leave a like and comment!
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