UsdJpy- Will it rise towards 150?
In my previous UsdJpy analysis I said that selling UsdJpy is very dangerous and although 140 support could be challenged, the smarter and the safer way to trade this pair is to buy dips.
As you can see from the posted chart, every dip for UsdJpy was bought, bears are unexistent and there is a clear pressure in resistance.
I expect a break of this resistance soon and considering the target of the recent ascending triangle 160 zone could be the target for buyers.
Only a break under 141 would put the pair in some kind of " normality".
As you can see from the posted chart, every dip for UsdJpy was bought, bears are unexistent and there is a clear pressure in resistance.
I expect a break of this resistance soon and considering the target of the recent ascending triangle 160 zone could be the target for buyers.
Only a break under 141 would put the pair in some kind of " normality".
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