USD/JPY has been declining relentlessly in the last several weeks. It fell from around 121 to 107.50s without looking back. But it looks like it has stabilized in the last week and it has formed a base at 1.750 – 108. That´s the level where we have opened two long term buy forex signals and they have been both closed with more than 100 pips in profit. We hope that the price gets back down there again soon because so we can open another long term fx signal before the BOJ comes in next week.
USD/JPY has formed a base at 107.50 – 108
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Skerdian Meta
Lead Analyst
Skerdian Meta Lead Analyst.
Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
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