I’m still looking for long opportunities in the USDJPY

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.

Why?

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:

USDJPY

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.

Cheers,

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Raul Lopez

I've been trading the markets for more than 15 years. I believe the best way to trade is by adapting to the market conditions. You can learn it too, join our community .

  • gracien

    It retested the resistance levels about four times form the chart but the last was exceptional and probably informed by the combination fundamental input and political gamings in the country.  I believe that with frequent indications of easing and government interventions upside tendencies are still rife.  
    Orah TonyO

    • Raul Lopez

      Yep, I like it for longs. Good luck