USDJPY: Yen, When Will You Stop 🇺🇸🇯🇵

U.S. Dollar / Japanese Yen (OANDA:USDJPY)

OANDA:USDJPY U.S. Dollar / Japanese Yen

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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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Comment: Check my new idea on GBPNZD:

GBPNZD: Classic Trend-Following Setup Explained 🇬🇧🇳🇿

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USDJPY: Yen, When Will You Stop 🇺🇸🇯🇵

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