USDJPY Analysis:
USDJPY has reached the higher high area of the Uptrend line and the round number 150.00 price area in the daily timeframe chart.
After the confirmation of the Downward movement, Sell signal was given.
USDJPY update
USDJPY has crossed over the 1998 year high and In another view, USDJPY reached the higher high area of the Ascending channel in the Monthly timeframe chart. In the daily timeframe, USDJPY still trying to break the high level which leads to the SL price. Japan government is not increasing the interest rate like other countries, so the JPY is moving up continuously without retracements. Big corrections are possible to happen from this higher area. Due to fundamental factors, market is not making a retracements and technical movements. Please note: In the forex market, technical works 80% of the time, and fundamental works 20% of the time. This time fundamental wins. Be patience and wait for the next good opportunity signal.
Don’t trade all the time, trade forex only at the confirmed trade setups.
Get more confirmed trade setups here: forexgdp.com/buy/
