$USDJPY is continuing to climb drastically. Are you following along? Forex Trading Markets Profit finance USD
. In fact, I will look at this as an opportunity to pick up a little bit of value, taking advantage of the dips in order to get long yet again. I believe at this point the ¥140 level is going to continue to see a lot of support, if for no other reason than the psychology of that figure.that will come into the picture as well.Keep in mind that the US dollar has the Federal Reserve behind it, and of course, it is looking to tighten monetary policy multiple times.
Buying on the dips continues to be the strategy that I will be using, because the market has a perfect set up from a fundamental standpoint. The market will continue to have the occasional noisy bit but given enough time I think it’s likely that we see plenty of opportunities if you are patient enough. I would not chase the market all the way up here, because you are either already long of this pair or you are not. At this point, it’s very likely that we will eventually try to get to the ¥145 level, which of course seems a bit outrageous into you look at the long-term charge.
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