Looking to go bullish here. You can see we are at the bottom of the barrel. Looking to take a long position to just above 119 with a break and retest of the inner-trendline and then TP will be just to the outside of the long-term outer-trendline. Looking then if pass and check to enter another long position to 119.020.
Right now the YEN is showing a position of retrace (weakness) so this may be a perfect opportunity for this pair and USD to pick up some bullish momentum.
Right now the YEN is showing a position of retrace (weakness) so this may be a perfect opportunity for this pair and USD to pick up some bullish momentum.