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Sat, Dec 10, 2022

Long Term Analysis : USD/JPY Re-tested the Breakout Level and starts to move up
1 mins well spent

USD/JPY Analysis : 

USD/JPY was moving up and down between the ranges in Monthly Chart.

usdjpy forecast for yearly analysis

On September 2014, USD/JPY breakout the top level and went up 20,000 points (2000 pips).

In the year 2015, USD/JPY traded between the range of 10,000 points (1000 pips).

On 2016, USD/JPY falls down 20,000 points for Re-testing the Previous Breakout Level.

After completing it’s Re-test, market starts to move up from the price level 100.00

Now, In this year 2017, market makes up and down movement for first 6 months (Jan to June 2017).

From July 2017, market starts to move up slowly to continue it’s uptrend.

Let’s wait for the confirmation of taking new Long term trades again on USD/JPY.

As a long term trader, those who are already holding the buy trade on USD/JPY from 100.00 level, you can keep holding on the trade to chase the market along with the trend.

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