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T3-Consultancy

USDJPY 4H: Bullish outlook seen, further upside above 136.5

Long
U.S. Dollar / Japanese Yen (FX:USDJPY)  
T3-Consultancy  
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Harmonic Patterns Chart Patterns DJ FXCM Index USDJPY usdjpylong usdjpybullish Forex forextrading forexsignals
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trendanalysis harmonicpatterns chartpattern usdollar usdjpy usdjpylong usdjpybullish forex forextrading forexsignals
Price is bullish, forming higher highs and higher lows. Price is currently hovering above a key demand zone at 134 on the H4 timeframe. A throwback to this demand zone, which coincides with the 78.6% Fibonacci retracement, followed by a break above our upside confirmation at 135.2 could provide the bullish acceleration to the supply zone at 136.5.
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