USDJPY to move toward 113 in line with uptrend Long

USD/JPYOANDA

Description

⋅ Jul 16, 2018 9:00 AM

Dollar yen has broken out of its long term triangle pattern- LT resistance near 114.5

Scenario A) 4hr correction ends - trend continues to 113
Scenario B) 4hr correction has further to go - look for new longs near 112

Trade closed: target reached

⋅ Jul 18, 2018 7:49 AM

Scenario A) played out nicely