USDJPY: Long term view
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USDJPY might have resumed the long term uptrend from the 2011 lows, so we will be looking to buy back in, after closing longs in profit for now. Watch the overhead resistance levels and study this chart. I'll update it periodically.
I'd reccomend against shorting this, and would rather focus on long gold and euro, and/or Aussie.
Good luck,
Ivan Labrie.
ps: the outlook is bullish for equities, and long term bullish for the dollar.
I'd reccomend against shorting this, and would rather focus on long gold and euro, and/or Aussie.
Good luck,
Ivan Labrie.
ps: the outlook is bullish for equities, and long term bullish for the dollar.
Note
Perfect, seems like the pullback starts now.Note
Keep an eye on it, I'd reccomend not trading it though. Only buy when the drop is done.Note
The trend isn't stopping anytime soon, what you can do is fade short term weakness, like the recent decline before the BOJ news.
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