RaynLim

USDJPY-Weekly Market Analysis-Dec18,Wk2

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
USDJPY resume it's bull trend movement, but if you have watched closely, the market is having a sideway consolidaion and its bottom trend line has been touched.

Look at H1 Chart on the left of the chart, and the reversal candle just happen to close above the bottom trendline.

Personally, I will be waiting for the next 'touch' on the bottom trendline to look for a buying entry opportunity.

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