SylviaC2

USDJPY Idea for June 2018

FX:USDJPY   U.S. Dollar / Japanese Yen
'Strong job reports means June rate hike coming and FED could get more aggressive' - CNBC

I see USD going stronger for the following months of 2018. The pullback at 111.240 might have just given buyers another long opportunity at 108.100 area.

To get on board on this upward trend, I am looking forward for price to retrace back to a lower time frame buyers area(109.150), after hitting a previous seller area at 109.795.
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