USDJPY - Get ready for the upside ride. Be Seated.
As seen in the weekly chart. We see price is indicating a bullish momentum to develop again in the pair.
1 - We are at the 38.2% Retracement Level of the major upswing.
2 - Price respecting the uptrend line, perfectly.
3 - Hidden Bullish Divergence in existence, shouting another push up is welcoming.
Good Luck, let us see how the market trades it next week.
Just to add, we have an Inverted Hammer in the Daily Chart, giving the Bulls another breather room, upside potential exists in this pair.
1 - We are at the 38.2% Retracement Level of the major upswing.
2 - Price respecting the uptrend line, perfectly.
3 - Hidden Bullish Divergence in existence, shouting another push up is welcoming.
Good Luck, let us see how the market trades it next week.
Just to add, we have an Inverted Hammer in the Daily Chart, giving the Bulls another breather room, upside potential exists in this pair.