Hellena_Trade

Hellena | USD/JPY (4H): Long to 100% Fibo lvl 151.320.

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
Dear Colleagues, I suppose that the price will still renew the high and continue the upward movement to the target of 100% Fibonacci extension level 151.320. This will be wave 3. And before that a correction of wave 2 to the area of 149.750 is possible.

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Comment:
The price successfully tested the support area and started its upward movement! It will be halfway through very soon. I suppose a slight correction is possible, but overall I see an upward trend!
Comment:
Dear colleagues, the price updated the low and tested again the support area at 149.115. We see 3 consecutive Pin-Bar patterns, which reinforces the forecast. I consider only long positions.

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