A long-term analysis of USDJPY - it looks bearish?
USDJPY should resolve its longer-term direction by early to mid 2021. Weight of evidence - multi-year H&S and the more recent descending trend suggests a lower USDJPY . Could it break to the downside of the long-term supply/ demand zone or can it break the shackles of significant historical bear patterns and a long-term down trend? Time will tell?
If it breaks to the down-side of the very long-term supply/ demand zone we could see the USDJPY heading towards all-time lows around 75.0. Time will tell?
If it breaks to the down-side of the very long-term supply/ demand zone we could see the USDJPY heading towards all-time lows around 75.0. Time will tell?
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