USDJPY set for push back up to 114
A weekly close above long term down-sloping trendline is bullish
Scenario A) Price begins to trend, look for 4hr pullbacks in line with uptrend
Scenario B) Another false break of the down-trendline, price heads back to 111
Scenario A) Price begins to trend, look for 4hr pullbacks in line with uptrend
Scenario B) Another false break of the down-trendline, price heads back to 111
Comment:
Successful re-test of old resistance as support at 111.7 and break above 112.2 looks bullish
Comment:
114 hit today
Trade closed: target reached