USDJPY Possible Long-Term Bull

12 בפבר׳ 2017

USDJPY Monthly shows a clear uptrend which was corrected. The correction ended exactly in the previous fractal area, now we have prices trading above the moving averages (balance zone) to set up a buy breakout level. There is a possibility for a little more downside until a scenario hitting highs at around 123 might unfold.