Market Instrument: USDJPY
Timeframe: Monthly
Analysis: Technical
Structure: Monthly Resistance, Bul trend
Prediction: Bullish
USDJPY is outstanding these days and ruing the market. So yeah this can easily revisit the monthly resistance formed close to 124.00 in the price area where this seems to be a major sell zone while considering the historical price actions. Hope that price can show up a sell-off after visiting the required sell region this time.
Timeframe: Monthly
Analysis: Technical
Structure: Monthly Resistance, Bul trend
Prediction: Bullish
USDJPY is outstanding these days and ruing the market. So yeah this can easily revisit the monthly resistance formed close to 124.00 in the price area where this seems to be a major sell zone while considering the historical price actions. Hope that price can show up a sell-off after visiting the required sell region this time.