JPY weakness pushed it up, but soon it will fall
We found a resistance now, BUT we have 2 currencies now which are acting "stupid" for this trade.
Dollar seems to get weaker and JPY could still drop more before a massive rise. This would lead USDJPY to stay at it's current area.
So for me, once JPY kicks in we should see it selling. My first target is 109.5 area, expandable to the next target of 108.8.
Dollar seems to get weaker and JPY could still drop more before a massive rise. This would lead USDJPY to stay at it's current area.
So for me, once JPY kicks in we should see it selling. My first target is 109.5 area, expandable to the next target of 108.8.