charts247

TWO SCENARIOS FOR USDJPY FOR NEXT WEEK..

FX:USDJPY   U.S. Dollar/Japanese Yen
109 1 1
1. The trend is UP and we want to buy every dip in the pair.
- We will go long above 117.93 and retest!
2. A break below the structure 115.55 will call for further slide and we will short the pair!
Final Call: At the momment we sit behind the fence but very interesting setup both ways, we shall wait and see!
GL
snapshot

USDJPY Update! Today Monday we have seen a nice push up in the pair. Price have tested the MA as support so hopefully we should see a break of our long entry 117.93 by London or NY tomorrow.
NOTE! We will only go long if the price break and retest this point.
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