OANDA:USDJPY   U.S. Dollar / Japanese Yen
Broken trend, higher highs and lows, take it up to next resistance for TP!
On the 4H the trend of the VMA is hot and sharp for the north. This leads me to think that your green band is probable.
chris_ford Captain_Walker
@Captain_Walker, its like free money ;) good to know... thanks :) Would you wait until London open or hit this on Sunday evening (UK time)?
@chris_ford, I'd hold on Sunday evening UK time. Reason: The Yen has been unusually weak in last few weeks across most pairs, partly because US Stock Markets have been pushing madly north. But see non-traditional sources, where the fallout from Mueller could pop out any time soon. If that happens US Markets go south and Yen goes north. Although the VMA is s* hot price is into an important structure area on the 4H. So I don't need to take the chance. Call me chicken - it's about knowing when to stay out and watch.
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