NamMinh

USD/JPY technical analysis for the next days

FX:USDJPY   U.S. Dollar / Japanese Yen
74 0 1
At H4 TF we have about 15 days and 4H the prices of U/J have been moved within the I. Price area.

At the II. Price Area it is a still thin of prices having been moving in. To reach a new upward momentum it needs to breakout the projected trend-line as resistance and from there a support level will be found to look for the opportunity to go long with.
An other scenario is that the price will be back to the I. Price area , in which the level at 108.642 has to be broken out.
What is within the II. Price area will be just as a "transit" station for a upward or downward moving, so I would like neither to go long, nor to go short within this area of prices.
Trade well,

Makkaba team
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