In a recent analysis I suggested a buy trade for UsdJpy around 131, and, indeed, after touching that zone last week, the pair reversed and is trading well above 133 at the time of writing.
I remain bullish UsdJpy as long as the price stays above 132 and, in my opinion, dips close to 133 should be bought with a target of 138 for medium-term traders.
135 is also resistance, so shorter-term traders could target this zone as well.
I remain bullish UsdJpy as long as the price stays above 132 and, in my opinion, dips close to 133 should be bought with a target of 138 for medium-term traders.
135 is also resistance, so shorter-term traders could target this zone as well.
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