Have been keeping my eyes on this pair during the brexit vote etc. Start of the week, we did see price push heavy to the upside, awaited a pullback before entering
price has smashed through my tp +140 pips bagged on this pair
USD/JPY is in a lovely channel trend line having a clear rejection of 111.000 and now pushing to the upside I see this pairs pushing to the zone of 112.500 by the end of next week.
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Price has dipped into the weekly Demand zone at the 1.12000 level
There is a Supply zone on the 4hr TF at 1.13050 that could be a area to watch initially for shorts, if this level fails to hold there is Daily Supply at the 1.13600 level
We could possibly see a bearish down movement on GJ heading towards a minor support at 144.964. Price has recently bounced off a major resistance area and could be heading for a retest at the 147.721 area. we can also see the bullish trendline being broken an used as a dynamic resistance!
Awaiting for candlestick confirmation on higher timeframe!