USDJPY continued long
Yen continued weakness -> USDJPY long
The Yen is continuing it's strong downtrend, resulting in a fast rising chart across most yen crosses. For the USDJPY specifically, the first target was reached a few days ago, with the following targets now in sight:
Note: Simple system: Green bars signal a long -> long entry when high is broken, unless red bar appears which cancels signal. Vice-versa for red bars.
The Yen is continuing it's strong downtrend, resulting in a fast rising chart across most yen crosses. For the USDJPY specifically, the first target was reached a few days ago, with the following targets now in sight:
- 144.50 (1.61 Fib extension)
- 155.00 (2.61 Fib extension)
- 170.00 - Ultimate target for this particular leg, although further yen weakness is likely over the coming months.
Note: Simple system: Green bars signal a long -> long entry when high is broken, unless red bar appears which cancels signal. Vice-versa for red bars.
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