USD/JPY, June/2007 in sight!
USD/JPY broke the previous resistance and reached 8 years high, 122.74 for now, but what important is that, June/2007. is in sight now and that could be next target for the bulls. Sure, that’s not near the all time high at this pair, but it’s important level to cover for the US dollar. For sure, sellers are placed bellow this resistance, but I don’t see any major resistance levels before. All we can do is wait and see, can the US dollar bulls reach 123.65/124.15 and when!? I wrote about this in my USD/JPY analysis from Ferbuary 18. Check lower time frame charts for intraday trading. Nice move today.