HashamARehman

USDJPY - is dollar/yen setting for next move up?

OANDA:USDJPY   U.S. Dollar / Japanese Yen
Here we are on Dollar/Yen daily chart and as we can see this market is forming new higher highs and higher lows and we have short term trend line developing here. Notice here how many confluence factors are lining up on our buying trade idea here such as trend, Support zone/area which is nearly at 108.263 - 107.544, dynamic support layer 20/10 ema's and short term trend line as well and now we will wait for this market to pull back towards our "Area of confluence" zone and show some bullish price action to get us in long positions. safe trading!!!
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