Ochlokrat

Stunning USDJPY bull run to continue

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
In the USDJPY, the bulls are overrunning every obstacle to the north. A look at the daily chart helps to identify the potential target zone. It is a conservative setup where we first wait for a pullback to 142.90/80 before entering a long position. We target the area of the late October 2022 highs.
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.