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eightvolt

USDJPY 3rd and 4th wave analysis

Long
U.S. Dollar / Japanese Yen (FX:USDJPY)  
eightvolt  
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis USDJPY Forex ideas
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trendanalysis usdjpy forex ideas
This is my take on next weeks trade opportunity on UJ. Due to the extreme buying pressure from last week, I believe the bulls will win again after a bounce from the 109.200 level. I would be skeptical of a false breakout to the downside at the 109.2 level, as it will only be used to push price through its current price, and structured resistance level.

Thanks and GL
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