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CleanTrades
Apr 17, 2019 10:48 PM

USD/JPY Long - bullish continuation until bearish OB Long

USD/JPYOANDA

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Due to work on our webshop and app we've been busy for the last two weeks.

Let's dive into it. USD/JPY got a strong weekly close along with several decent daily closes above 111.892.

While taking out our 5th March high I'd make use of 112.929 as target. Upper-half of our bearish OB + 1.05 Fib-extension of bearish OB giving confluence here.

Stop-Loss below EQ of current leg-up + 200-MA on daily basis.
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