SamKent

USDJPY corrective move into support

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
0
The USD/JPY 4H chart has formed a significant hammer at support kumo support. The supportive candle also held on the back of the 61.8% of the latest bull wave. In an overall bull market, these bearish corrections are the bets opportunities to rejoin the trend. We'd like to see a break of the flat kijun sen to the upside backed by bullish momentum accumulation on the oscillators, which will trigger us long, aiming to trail stop and trade-with-the-trend.

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