troyjpentecost

USDJPY: Potential trade setup around 108.360

FX:USDJPY   U.S. Dollar / Japanese Yen
The pair has been heading up for a few days now and has only had a minor indecision moment around 107.790 - 107-970, but appears to have broken upwards. will it retrace around the next major resistance? It has been lower than i'd value it recently so i can presume over time it will increase.

We could sit around the 108.300 - 108.400 mark for awhile and break out of the up trend and simply sit flat, before the next climb or retrace.

after witting this, part of me suspects me suspects its just going to stay around a flat trend.
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