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USDJPY: Yen, When Will You Stop đŸ‡șđŸ‡žđŸ‡ŻđŸ‡”

USA-dollar/Japansk yen (OANDA:USDJPY)  
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OANDA:USDJPY   USA-dollar/Japansk yen
Support and Resistance Supply and Demand Fibonacci swingtrading swing swingtrade swingtrader swingsetup yen japaneseyen
513
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supportandresistance supplyanddemand fibonacci swingtrading swing swingtrade swingtrader swingsetup yen japaneseyen
snapshot

USDJPY is unstoppable.
The pair is growing sharply from the beginning of the year.
Here are two important historical points for you to watch.

  • 118.2 - 118.8 is a 6 years' high.
    The price is currently approaching that structure and with a high probability, we will see a pullback from that.
    Trading against the trend you should wait for a decent confirmation before you short.

  • 125.1 - 126.0 is a 20 years' high.
    In case the 6 years' high is broken that will be the next long-term goal for buyers.

Good luck!

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