ggcforex

USD-Buying Opportunities Remain

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
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5
Today we have seen the USD fall against the JPY amidst soft economic data and lower yields on its current 10 year bond. Notwithstanding, I wouldn't go as far to say that the bears have gained any major territory as yet. The pair remains bullish , and this retracement may give bulls an opportunity to buy at a decent level. I am targeting the 113.00 level at thereafter the 200 ema on my current chart. ADX is oversold and price can be tracked to confirm a signal to the enter on an upward swing.

It's also Friday,and I am not sure if a valid signal might develop before the better part of the trading day is out. So I am going to enjoy my Friday and position myself to enter the markets on Monday. Safe trading and have a great weekend everyone!

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