On USDJPY 1 month chart (NOT) for trading purpose. Just for knowledge, wisdom of the bigger picture of PAIR. When you look at chart where (PURPLE arrow is pointing too) a major shift to BEARISH is going on, with the noted ema 200 & ema 50 doing a cross or Death Cross on chart at this time.
Also note on bottom of chart a bearish cycle happened with this USDJPY pair from 2008-2012, then a bullish cycle from 2012-2016. This appears to a 4 year major cycle with PAIR. RSI just went under the 50 level on chart too. My opinion, is major monthly trend will be bearish, but as all is aware of-- this should be knowledge, but not anything to trade on, when trading short term trades. Look at Price action, support levels, trends etc.. too make factual trades successfully.
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