PaschalPT
Long

Long Opportunity on Jappy

FX:USDJPY   U.S. Dollar / Japanese Yen
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As price action broke out of the bearish channel yesterday at 110.963 its only led me to think we would have a bullish upthrust to the previous highs of 111.440 which was tested earlier today giving us a double top . Now we are heading back into my predicted price reversal zone (PRZ) where i will drop down to a 1Hr timeframe (no lower) and look for a bullish candlestick entry signal along with other confluences such as a fib cluster, RSI OS and a retest of the channel breakout point ( Trendline ) and hop on the train for a long position. We'll see how it goes. Trade with care and caution guys.


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