charts247
Long

TREND CONTINUATION - LONG DOLLAR YEN

FX:USDJPY   U.S. Dollar/Japanese Yen
-THIS PAIR IS IN A SMOOTH UPTREND AS THE ARROW SUGGEST.
-AFTER LONG CONSOLIDATION DOLLAR YEN FINALLY UNLEASHED ITS BIG GREEN CANDLE ON FRIDAY.
-MOST IMPORTANTLY, A CLOSE ABOVE 118.85 WHICH IS A STRUCTURAL LONG POINT.
-IN THE COMING WEEK WE WANT TO BUY EVERY INTRADAY DIP AS LONG AS PRICE REMAIN ABOVE THE STRUCTURE 118.85.
-BUY ABOVE 118.85
-OUR FIRST TARGET IS 121.83 BEFORE ANY EXTENDED GAIN IN THE PAIR.
-STOP PLACED BELOW 117.80.
-HAVE A WONDERFUL TRADING WEEK.
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