Open trading account 
The USDJPY pair has been ranging for several weeks, i am anticipating a bounce at support and an upward break-out. My taregt zone is 103.50
I am taking this stance because of the Bank Of japan and further monetary easing steps they are likely to take to keep the yen low.
The monthly chart shows a resistance area of 105. I am taking a conservative target of 103.50, because i expect the climb to be gradual.
I am taking this stance because of the Bank Of japan and further monetary easing steps they are likely to take to keep the yen low.
The monthly chart shows a resistance area of 105. I am taking a conservative target of 103.50, because i expect the climb to be gradual.