Hello dear friends!
Currently, our trading is becoming hotter than ever before. Last week, we expected the USDJPY pair to break the resistance at 150.000, but it has not been able to do so yet.
This week, the trading session started with the price at 149.927, a number very close to our target. On the 4-hour chart, although the trading has been relatively calm, there have been consistent price increases and UJ is holding onto the upward trend well.
We can see that our Bollinger bands are gradually narrowing. This indicates that if USDJPY surpasses the resistance level of 150.000, it is expected to be a massive breakthrough for this currency pair.
What we need to do now is wait and seize the opportunity. Karina believes that this currency pair will be able to achieve that. Do you agree with Karina?
Currently, our trading is becoming hotter than ever before. Last week, we expected the USDJPY pair to break the resistance at 150.000, but it has not been able to do so yet.
This week, the trading session started with the price at 149.927, a number very close to our target. On the 4-hour chart, although the trading has been relatively calm, there have been consistent price increases and UJ is holding onto the upward trend well.
We can see that our Bollinger bands are gradually narrowing. This indicates that if USDJPY surpasses the resistance level of 150.000, it is expected to be a massive breakthrough for this currency pair.
What we need to do now is wait and seize the opportunity. Karina believes that this currency pair will be able to achieve that. Do you agree with Karina?
Trade active
Comment:
On the Japanese Yen front, investors watch out for intervention by the Japanese authority in the FX domain to provide support to the weakening Yen. Investors hope that the stealth intervention won’t be able to provide longer stability to the Japanese Yen as the tide is against the currency due to the maintenance of the expansionary policy stance by the Bank of Japan (BoJ).
