Possible scenarios on USDJPY for week starting 13/05/2018.
Break of the 110 level with a restest will be needed for a long position. If this happens, it will also break the previous higher highs and therefore can indicate further bullish movement.
Break of the 109 level with a restest will be needed for a short position. If this happens, it will also line up with the break of the current uptrend and retest of the daily support on that level.
Break of the 110 level with a restest will be needed for a long position. If this happens, it will also break the previous higher highs and therefore can indicate further bullish movement.
Break of the 109 level with a restest will be needed for a short position. If this happens, it will also line up with the break of the current uptrend and retest of the daily support on that level.