jan80hansen

Will UsdJpy hold above 108 ?

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
If we look at 2016 there was huge gain on yen and prices droppet below 100 yen per dollar , most of that drop was recovered up too 118 per dollar before a dovish and directionaless 2017. I'm wieving 2017 as an inside bar and break below 108 will cause a massive move further down. But if it holds I expect a much weaker yen and go long.
Please also see my us dollar chart

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