USD/JPY And Major Reversals In Years That End In 5
October 16, 2015 at 18:24 PM EDT
“June’s trade produced a monthly key reversal in USD/JPY.” This key reversal didn’t form just anywhere…it formed at the line that connects the 1995 and 2005 lows. That line was support in 2007 and resistance before the 2008 collapse.