The bearish trend on USD/JPY chart is weakening. You can see a hammer candlestick on the 105 area, testifying that it is an important level of support. The options are two now:
1) a momentaneus market range in which the 107.850 level will be the resistance.
2) the breakout of the resistance above caused by strong bulls (such as positive NFP datas) with a censequentely trend invertion.
In short words I would consider buy options. Anyway good luck!
1) a momentaneus market range in which the 107.850 level will be the resistance.
2) the breakout of the resistance above caused by strong bulls (such as positive NFP datas) with a censequentely trend invertion.
In short words I would consider buy options. Anyway good luck!