nikitafx
Long

USD/JPY a bullish Flag breakout ? (Nikita FX )

FX:USDJPY   U.S. Dollar/Japanese Yen
727 0 2
This is one more alternate bullish scenario.
Flag breakout at 107.38 in two weeks will be going into bullish continuous swing high.
The target will be at 117.50 area in this case.

Therefore be cautious with closing level of this weekend.
A: back to below 105.89---Failure of IH&S neckline breakout (still 3rd time trial----)
B: above 107.38---you would take a risk of climbing up to 117.50 at least.

The key level of major reversal (downward ) possibility is 106.40/88

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