#JPY targets <100 in the next 2 years Panjang
U.S. Dollar/Japanese YenFXCM
Huraian
⋅ - Japanese yen is expected to appreciate in the next years, according to my TA (please see the chart.)
- 100 level, as expected, is a very strong support line but JPYUSD will try to breach this zone once again, like it did in 2016.
- For the near future, the currency seems to appreciate against the US dollar.
- Currently, JPYUSD is in an ABC correction. This year will be a strong correction year.