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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