USDJPY: Yen, When Will You Stop 🇺🇸🇯🇵
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USDJPY is unstoppable.
The pair is growing sharply from the beginning of the year.
Here are two important historical points for you to watch.
- 118.2 - 118.8 is a 6 years' high.
The price is currently approaching that structure and with a high probability, we will see a pullback from that.
Trading against the trend you should wait for a decent confirmation before you short. - 125.1 - 126.0 is a 20 years' high.
In case the 6 years' high is broken that will be the next long-term goal for buyers.
Good luck!
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