USDJPY Market Outlook | Daily Forex Market Breakdown
USDJPY
Looking like we could start climbing. Showing signs of a double bottom on the higher timeframe. USDJPY can easily push up to 110 or even higher. That being said at the moment we are stuck in a range just going sideways. Before I look for longs we need to see a clean break above resistance of 108. I have said I’m looking for a short term long, but I do believe ultimately we’re going to be seeing a bigger push to the downside. So keeping my eye on that.
Looking like we could start climbing. Showing signs of a double bottom on the higher timeframe. USDJPY can easily push up to 110 or even higher. That being said at the moment we are stuck in a range just going sideways. Before I look for longs we need to see a clean break above resistance of 108. I have said I’m looking for a short term long, but I do believe ultimately we’re going to be seeing a bigger push to the downside. So keeping my eye on that.
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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.