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(USDJPY) This Currency Just Broke Multi-Year High! 

Last Updated: April 30, 2022

By Rayner Teo

USDJPY Weekly Chart:

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On Weekly you can see USDJPY taking out its Multi-Year High at 105.50

USDJPY Daily Chart:

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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?

USDJPY 4-hours Chart:

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On 4-hours you see price respecting the area between the 20 & 50 EMA. Should the 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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