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This Currency Just Broke Multi Year High! 

Last Updated: July 25, 2019

By Rayner Teo


On Weekly you can see USDJPY taking out it’s Multi Year High at 105.50


On Daily we see strong compelling momentum towards the upside. You wouldn’t want to stand in front of a bullet train like this.

So you’re thinking of longing, but where?


On 4 hour you see price respecting the area between the 20 & 50 EMA. Should price retrace back towards that area it will be an opportunity to get long with Stoploss of 2 ATR.

Trade Safe!

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