gdf_fx
Long

USDJPY possible longs

FX:USDJPY   U.S. Dollar/Japanese Yen
77 0 3
I may or may not take the trade as I do not really have a good bias on the YEN yet.

what i do have is a bullish view on the dollar as well as last week's rejection off the key support on the weekly usdjpy             chart.

if we are expecting bullishness a nice entry could be found at 61% retracement of the current swing confluenced with a breaker candle

initial target would be the key price zone around 104.2

target 2 would be 106/poc, however we would need to break the key yellow resistance and then see bullish PA for me to target that high up

Worth noting the BOJ are looking to clarify their policy and explain how they are still on track for 2% inflation target. What this means for the markets is alot of volatility , increased risk and increased reward (or loss)

Also, there was some divergence last friday with the Nikkei slipping and USDJPY             continuing its pullback. Further confluence that the dollar could be looking to make more gains this week.


United Kingdom
United States
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out