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Kai-FX

USDJPY Long to 116.00 ? Potential sell trap ?

Long
U.S. Dollar / Japanese Yen (FX:USDJPY)  
Kai-FX  
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis fx Forex USDJPY buy LONG Bullish Patterns pips selltrap
3
0
trendanalysis fx forex usdjpy buy long bullish pips selltrap
It looks like we may be looking at a potential continuation of the bullish run on this pair as it looks as though the price dip around 113.00 just so happened to be a sell trap. However another break below 113.50 will be confirmation of further bearish movement. For early entries now would be a good opportunity to jump in (114.05) however a break above the resistance area of 114.40 will be confirmation of further bullish movement.


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