Last week I predicted that the USD/JPY would probably fall back once more before finally moving through the 100 level, but this has so far proven to be wrong because the USD/JPY has already broken through this level and currently stands at around 101.
So how much further could it rise? Could it continue rising to 105, for example, or will it fall back below 100? Well it's anybody's guess at the moment but the fact that it's now firmly above it's 200 day moving average and the weekly Supertrend is on the verge of turning positive (depending on where it closes this week) suggests that there could be further upside to come.
Anyway today I thought I would share with you a short 3 minute video created by Marketclub which discusses where they think the USD/JPY is headed in the next few weeks. Here's the link:
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