This Currency Just Broke Multi Year High! 

Last Updated: July 25, 2019

By Rayner

week

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

d

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?

4

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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