AlkalineFX

USD/JPY Long 4 Hour Chart

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
Many Reasons i believe this pair will continue on the upwards trend.

- Impulse leg forming a flag, if we breakout of the flag then bulls will take over and push price up.
- Possible inverted head and shoulders pattern, if neckline is broken then we will see yet again another rally in price upwards.
- Key Daily Support Levels are being tested, and i believe we will see a bounce off this level.
- Market closed on shooting star candlestick on the 4 Hour Chart, hopefully meaning market will open on a downwards trend and start to test the support level , where the bullish momentum will hopefully start.

TP is just below 4 Hour Key Resistance level , however i do think we will break this level, but want to trade safe.
Trade active: Trade Opened