USDJPY Long Thesis
Weekly:
• After Creating new low price is now retracing to retest previous levels broken.
• Last week candle spike down to 108.50 psychological level but rejected and closed above 109.50 as a bearish hammer.
• More bullish movement expected.
Daily:
• Previous daily highs were taken out.
• Clean daily break of 109.70 signalling more bullish movement to come.
• Moving averages about to crossover bullish.
4hr:
• New highs at 110.162.
• After break of 109.70 now expect retest before going long to 110.47 to form a new bullish leg.
Order cancelled
Trade active
