AlfaXchange
Long

Yen Bears on the prowl

FX:USDJPY   U.S. Dollar/Japanese Yen
38 0 2
Since touching the high of 113.89 on Nov 25, we have see some pullbacks notably towards my previous Supply (now Demand zone )

Price is shaping nicely into ascending channel with minor reversals on the edge

I expect price to retest near supply zones 113.75 to 114.00 before reversing back into lower edge in the channel (RED ARROW)

With one eye on this Friday NFP, price likely to surge and break our Supply zone once again (GREEN ARROW)

2 Potential Entries as seen in both arrows (Strong Bias for LONG Position)
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