RLinda ! USDJPY-> Will the Japanese yen start to weaken again?
USDJPY has been in a downtrend since mid-October. The Japanese yen has started to strengthen on the back of a declining dollar index, which is due to a number of fundamental factors
What is happening now might weaken the yen considerably. The price is breaking through the resistance of the descending channel on the 4-hour chart. If the price strengthens above the support at 133.600, the bulls might send it to 137 and even 142.
I expect a trend reversal attempt after the price fixes above support at 133.600. The medium-term target is 137, the long-term target is 142.25 and maybe even 151.9.
Regards R. Linda!
What is happening now might weaken the yen considerably. The price is breaking through the resistance of the descending channel on the 4-hour chart. If the price strengthens above the support at 133.600, the bulls might send it to 137 and even 142.
I expect a trend reversal attempt after the price fixes above support at 133.600. The medium-term target is 137, the long-term target is 142.25 and maybe even 151.9.
Regards R. Linda!
🌹TRADING is a CASINO💔!?
NO‼️
You❗️CAN and ❗️SHOULD make money in trading!
Join me, I'll guide you to PROFITABLE TRADING💵!
🟢Free Telegram Channel:
t.me/RLindaTrade
🔴Contact:
t.me/RLindaSignals
🧿Web: rlinda.com
NO‼️
You❗️CAN and ❗️SHOULD make money in trading!
Join me, I'll guide you to PROFITABLE TRADING💵!
🟢Free Telegram Channel:
t.me/RLindaTrade
🔴Contact:
t.me/RLindaSignals
🧿Web: rlinda.com
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.