expensive USD/JPY

13 בנוב׳ 2014

USD/JPY: we wait for a range break, this week key boundaries are 114.960-116.135. If we look at weekly or even monthly charts, we will see strong upward trend and it is likely that USD/JPY will approach new high, that’s why I’m going not only to search for entry points to channel boundaries break, but also pay attention to points of upper boundary break since they will be of greater value when break will take place.