Yesterday was a big day for USDJPY due to the FOMC and BOJ announcements, we saw a lot of movement & volatility.
The pairing broke a new yearly high of almost 146.000 before seeing a sharp decline downwards.
I am still long-term bullish on the pairing but we were due for some market correction and retracement. I am expecting a buy back up to 146.000 in the next few days.
Entry: 142.500
Targets: 142.800 | 143.225 | 143.480 | 148.865 | 144.065 | 144.420 | 144.920 | 145.660
Resistance: 146.000
Be sure to like this post and let me know what you think in the comments below.
The pairing broke a new yearly high of almost 146.000 before seeing a sharp decline downwards.
I am still long-term bullish on the pairing but we were due for some market correction and retracement. I am expecting a buy back up to 146.000 in the next few days.
Entry: 142.500
Targets: 142.800 | 143.225 | 143.480 | 148.865 | 144.065 | 144.420 | 144.920 | 145.660
Resistance: 146.000
Be sure to like this post and let me know what you think in the comments below.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.