FX:USDJPY   U.S. Dollar / Japanese Yen
105 3 5
Just an idea feedback is appreciated
we broke below the bullish hammer stop hit
Hey, friend. No guarantees. You know how it is. That being said, we have a 200ma support on WK and also MN right below this area. Very strong support, indeed, with a historical of holding above the 200 ma. I'd be remiss if I did not include that even though it is very strong support, watch fundamentals closely as they could definitely swing it around. I've been taught that historically when there is fear in stocks and/or a weak dollar, people run to JPY as a haven and that is the main reason why it will go back up on a fundamental basis. Still, this is only speculation. Much big news next week that might swing it. The charts show a clear buy, but I am being very cautious. I think it may be good for a nice short run, at least.

Good luck!
dead2live dead2live
"a nice short run up, at least"
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