Long Position on USDJPY-4H
Hello Traders !
This is the USDJPY Technical Viewpoint in The Long Term.
After these significant changes since the beginning of the year, the JPY has lost 25% versus the USD YTD.
We anticipate that this bullish trend will resume for a few more months after the market breaks above the 144.80 Resistance level, as shown in the chart.
Risk Warning: Trading Derivatives carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Derivatives may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
This is the USDJPY Technical Viewpoint in The Long Term.
After these significant changes since the beginning of the year, the JPY has lost 25% versus the USD YTD.
We anticipate that this bullish trend will resume for a few more months after the market breaks above the 144.80 Resistance level, as shown in the chart.
Risk Warning: Trading Derivatives carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Derivatives may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
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