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USDJPY: Your Trading Plan For This Week 🇺🇸🇯🇵

Long
U.S. Dollar / Japanese Yen (OANDA:USDJPY)  
VasilyTrader  
OANDA:USDJPY   U.S. Dollar / Japanese Yen
Parallel Channel Rectangle Wave Analysis USDJPY DJ FXCM Index USD dollar jpy japaneseyen usdjpysignals usdjpysignal Contains image
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parallelchannel rectangle waveanalysis usdjpy usdollar usd dollar jpy japaneseyen usdjpysignals usdjpysignal containsimage
snapshot

USDJPY is trading in a bullish trend.
After the price set a new higher high, we see quite an extended consolidation
within a horizontal range.

150.9 is the resistance of the range.
If the market breaks and closes above that on a daily,
we can anticipate a trend-following movement.

Next resistance will be 151.6

Alternatively, a bearish breakout of the support of the range
may trigger a bearish continuation.


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