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thewealthlifters

USDJPY : Two Scenarios

U.S. Dollar / Japanese Yen (FX:USDJPY)  
thewealthlifters Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Chart Patterns Wave Analysis
7
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trendanalysis chartpattern waveanalysis
UJ took one more rally up from the daily trendline facing a potential resistant zone. Daily/Weekly trendline still holding though.
Watch for Price reaction around 114.20-115.0 (yellow area on the chart) for SHORT TRADES....
A break above the resistance zone impulsively negates the shorts and might see price completes the channel structure .
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