USD/JPY: Should We Continue to "Buy" Following the Trend?
Today, USD/JPY continued its remarkable rally, reaching 153.63 with a 0.67% increase on the day. This is an important step as the USD regains strength, while the JPY weakens due to political instability in Japan.
Notably, the bullish trend remains intact with two stable EMAs below the candlestick chart, reinforcing the bullish momentum of this currency pair. Personally, Ben, recommends continuing to prioritize the "buy" strategy following the current trend.
What do you think about the future of USD/JPY? Will the price continue to rise or is there a possibility of a bearish reversal? Share your thoughts and trading strategies!
Notably, the bullish trend remains intact with two stable EMAs below the candlestick chart, reinforcing the bullish momentum of this currency pair. Personally, Ben, recommends continuing to prioritize the "buy" strategy following the current trend.
What do you think about the future of USD/JPY? Will the price continue to rise or is there a possibility of a bearish reversal? Share your thoughts and trading strategies!
Related publications
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.