When the first time I share my thought and my chart to everybody about this USDJPY monthly chart pattern in several years ago and repost in early January/February 2024, the reaction was "no way"...."impossible"...ect. But then it break the resistance above 152. What else teh reaction?
Near term resistance will be 155-157 areas, but then Japan probably get the intervention underway. But how long it would stay? We have no idea..
BUT if Japan too late to do such a thing, we probably seeing another high in coming months, especially if BOJ no raise their rates or Federal Reserve hold their rates for another months until September or November 2024!
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