USDJPY: The Long-Term Goal 🇺🇸🇯🇵

31 ago 2022

This August was very bullish for USDJPY.
The monthly candle closes in just 13 hours, and we see a very cute bullish engulfing candle on the chart.

I want to remind you, traders, that we spotted earlier a confirmed violation of 20 years' high.
We concluded that such a violation will push the pair much higher.

I believe that the next long-term goal for buyers is 146.0 - 147.6 resistance, based on 25 years' high.

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