USDJPY: Important Update 🇺🇸🇯🇵

2022年7月4日

USDJPY keeps growing.
We were monitoring together a reaction of the price to 20 years' high last month.
It turned out that June's candle broke and closed above that structure again.
It leaves as a clue that Yen can go even higher.

The next structure is 147.0 level based on 25 years' high.

At the same time, remember that the pair is too overbought at the moment.
We may see a correctional move first before we go to the underlined area.

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