tommyjose92
Long

USDJPY H1 BULLISH 0.618..

FX:USDJPY   U.S. Dollar / Japanese Yen
USDJPY             H1 BULLISH 0.618.. 9:30 - The price found some support around the 117.75 area on the USDJPY             , we might see the price going up if the price breaks the 118.25 level which means the previous two candles high, but at the moment the price closed with a bearish 4H bar that is not giving too much volatility to the markets to the bullish side. So further discretion is being applied at the moment. The 0.618 pattern accomplish a 1:1.5 ratio with the TP level at 119.29 and at this level the price might even go further due to the bullish pennant pattern that is found on the daily charts .Also on the 25th the Greek elections might move the EUR/USD             further to the downside and because of the negative correlation with the USD/JPY             this can give us even more momentum to the bullish side.
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