USDJPY The Sky Is The Limit
So, the USDJPY continues the bullish trend and clearly nothing can stop it. It is more because of the yen's weakness than the greenback's strength, but still both currencies are on polar opposites of their relative strength. Thus most corrections should present good buying opportunities. Admittedly, at 113 the pair has reached the long term rising resistance, but its influence on price action may be only temporary or weak, given the strength of the trend.
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Disclaimer:
There is a very high degree of risk involved in trading forex. I assume no responsibility or liability for any trading or investment results. My posted statements and charts may unintentionally include inaccuracies. All content posted is for educational purposes only and is not a financial advice.
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Disclaimer:
There is a very high degree of risk involved in trading forex. I assume no responsibility or liability for any trading or investment results. My posted statements and charts may unintentionally include inaccuracies. All content posted is for educational purposes only and is not a financial advice.
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