Strifor || USDJPY-05/12/2023

Preferred direction: BUY
Comment: The previously proposed long trading idea for this currency pair remains relevant. Here scenario 2 is in its active stage. The first attempt at growth was according to scenario 1, but was not successful for the buyer.

Here again, we note that the USDJPY currency pair is now moving isolated from all other major trading instruments. This means that here the price can rise despite the strengthening of the dollar’s main competitors, that is, the short-term weakness of the American currency.

We are looking at this deal more from a medium-term perspective. The final growth target is the same resistance level of 150. The growth potential can also be considered up to 151.

Thank you for like and share your views!

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