Long position taken on USDJPY due to multiple confluences.
1 - bullish daily close candlestick
2 - downtrend line has now been broken, and nearly retested
3 - strong USD economic news coming throughout the week
4 - trade war will inflate USD
5 - DXY is bullish
6 - price is staying above 200, 100, and 50 EMA
7 - bullish close on weekly candlestick
8 - TRUMP
9 - Looking to break and stay ABOVE 107.
Stop Loss @ 106.5
TP1 @ 112.5
TP2 @ 116.6
TP3 @ 120.5
1 - bullish daily close candlestick
2 - downtrend line has now been broken, and nearly retested
3 - strong USD economic news coming throughout the week
4 - trade war will inflate USD
5 - DXY is bullish
6 - price is staying above 200, 100, and 50 EMA
7 - bullish close on weekly candlestick
8 - TRUMP
9 - Looking to break and stay ABOVE 107.
Stop Loss @ 106.5
TP1 @ 112.5
TP2 @ 116.6
TP3 @ 120.5