It surely has less steam than EUR/USD , but there's an obvious accumulation going at that support. If it closes below, the process will extended, otherwise it's going all the way up . Forex is risky, beware of consequences if you trade on other people's ideas.
Last week this major went up a total of 160 pips, gaining ground for a third week in a row and reaching highs not seen since 2002 . On Monday three US data points came out better than expected (including the high impact ism manufacturing pmi) resulting in a 100-pip rally. Tuesday we saw overall dollar weakness while commodities like gold and oil rallied. But the...
r:r 3.04 If there's no retrace, wait for the next bump. Don't buy in higher-highs. Forex trading is risky, don't trade on somebody else's ideas.
S/R important levels on usdjpy, maybe a double bottom