USD/JPY possible long?

FX:USDJPY   U.S. Dollar / Japanese Yen
Just some quick analysis on the ninja pair. Possible opportunity to go long as price hit previous levels of support testing the 115.025 area twice after retesting an area of interest in December. I could get in on this trade or just sit back and see if my analysis was correct. What do you guys think?

I'm still quite new to forex and only starting to understand the basics and fundamentals so any comments or constructive criticism would be lovely.

have a great day guys and trade safe :)


Hi, couple of days ago I was expecting a decline but neither the 4h and the daily chart didnt close under the 115.10 area, so yes the bull seems still stronger and Im expecting the touch of the 118 zone again and from there will see. ;)
PaschalPT Standby
@Standby, hello there,
I too was actually expecting a decline back to the 115.10 area but as price seems to be pushing up upwards. It looks as if the bears a gaining control after a double bottom confirmation we could possibly see price touch the 118 zone. I'm keeping my eye on this pair to see how it plays out. Thanks for the comment btw :)
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