Have you been trading the USDJPY?
About a month ago did analyze the USDJPY and thought it was about time to start trading the USDJPY.
Because it broke through an important resistance level, and there was a long way before it hit the next resistance level, which I have it at 84.06 (around 120 pips from where it is currently trading at).
And you know something, I think it’s still safe to look for long opportunities. Here is the chart:
So as long as it keeps trading above 82.74 I’ll be looking for long opportunities.
What do you think?
Let me know in the comment section.