06/04/2017 -
USDJPY
Daily
The Bullish wedge is signalling a high probability rally. With NFP looming tomorrow there will definitely be some momentum that could potentially strengthen the greenback.
4hr
The 4hr or 1hr timeframe might signal the opportunity to go long and provide a worthwhile Risk to Reward on a break and test. We are trading above 110.00 which has held firm and is another confluence that supports this idea.
There are more confluences and correlations that support this idea that I haven't mentioned.
USDJPY
Daily
The Bullish wedge is signalling a high probability rally. With NFP looming tomorrow there will definitely be some momentum that could potentially strengthen the greenback.
4hr
The 4hr or 1hr timeframe might signal the opportunity to go long and provide a worthwhile Risk to Reward on a break and test. We are trading above 110.00 which has held firm and is another confluence that supports this idea.
There are more confluences and correlations that support this idea that I haven't mentioned.
