USDJPY- Safe haven Yen continues to rise.
Major news and fundamentals coming into play within the next few weeks. Continuations of a weaker dollar is still the motive until US data improves- this weeks NFP being the first shot.
Anyways.. price has been consolidating in a few minor ranges within the major range of 111.500 and 110.500. Last week we broke an ascending channel in accumulation now waiting for a retest of the trend line for the best possible RR after the bounce from support.
Anyways.. price has been consolidating in a few minor ranges within the major range of 111.500 and 110.500. Last week we broke an ascending channel in accumulation now waiting for a retest of the trend line for the best possible RR after the bounce from support.
Trade closed: target reached
Broken supports acting like resistance and holding strong.