$USDJPY Trend Likely To Continue
Take a look at this monthly chart. Currently, $usdjpy sits atop this massive ichimoku cloud resistance that it managed to clear over the last several months. That is a HUGE move considering the time frame. Rate of change indicators, short and long term- here, 3, 34, and 233 periods- all are above 0, indicating upward momentum. The only problem is the lagging 26-period chinkou span indicator has not cleared above the cloud resistance. Should fundamentals support it, any and all pullbacks will likely get bought all the way to 100.
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