LBracht

USDJPY buy by montly chart (hammer)

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
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7
Monthly chart shows an opportunity to buy (swing or position) because of the hammer candle. In Weekly chart i made some possible lines, considering a pullback when the graph will touch the 21 exponential average. There is a point when both of the possibilities shows a good offer to buy. But, of course, there always is a possibility of the prices going down and my analysis will get useless.
Trade active: I am on the trade, waiting for the results.

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