theselfishtrader
Long

Bullish continuation imminent?

FX:USDJPY   U.S. Dollar / Japanese Yen
Price has finally broken out of the recent 2-week range, following a false break of support.
The buyers stepped in very strongly, breaking and closing above resistance at 112.886.
Price has now retraced some, and is retesting former resistance which I now expect to act as support. There is almost confluence with the 38.2% Fib level. I am watching for bullish action to go long and to target the previous major swing high at 114.500s

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