USD has strong and maybe keep continue in the long term with the rate in hight and keep increasing, JPY is in the opposite. The pressure from the carry trade is very huge so I would like to Long the UJ whenever get an opportunity.
In the weekyly chart, we could see the price had a good action everytime hit the MA, so it's a strong support right now, and we could go buy UJ everytime the price comback near this support.
Right now UJ at the key resistance around 114.00, I see it going to break this resistance soon and toward to the 122.00 target.
It's a long term trade so I would update everytime I got something new in this pair
In the weekyly chart, we could see the price had a good action everytime hit the MA, so it's a strong support right now, and we could go buy UJ everytime the price comback near this support.
Right now UJ at the key resistance around 114.00, I see it going to break this resistance soon and toward to the 122.00 target.
It's a long term trade so I would update everytime I got something new in this pair