So the market has finally confirmed on the weekly chart that a historically bullish UsdJpy is not a figment of our imagination. Once the fundamentals (including political) remain as they are; it seems that we have now entered a "strong dollar" phase with the occasional dip from time to time.
Trade bias: Bullish UsdJjpy. Enter after retracements or pullbacks on the 1 or 2 hour charts. One can always wait for a re-confirmation signal to enter a long to reduce risk. Key Levels of Resistance USDJPY has to overcome?
Well the current one of 110, followed by 111 and then 114. So far this pair has proven to be a rocket..I think its just re-fueling.
Trade bias: Bullish UsdJjpy. Enter after retracements or pullbacks on the 1 or 2 hour charts. One can always wait for a re-confirmation signal to enter a long to reduce risk. Key Levels of Resistance USDJPY has to overcome?
Well the current one of 110, followed by 111 and then 114. So far this pair has proven to be a rocket..I think its just re-fueling.