trentin808

looking for short term buy uppertunities .

FX:USDJPY   U.S. Dollar / Japanese Yen
overall up trending market on USD/JPY . Price broke 110.5 support which now acts as Resistance on hourly and 4 hour charts. However we did not see a daily close of this level yet. Traders could look for buying opportunities once daily candle closes Monday. News for yen pairs correlates with this analysis. over 5 trillion yen has been released into the market earlier last week which depreciated the value of Yen pairs overall, giving strength to the market overall. expect selling opportunities around 144.4 if we can see the market continue its bullish push next week. Expect consolidation or a reversal around 111.6 .
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