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USDJPY Consolidating at CRUCIAL SUPPORT: Potential BUY

Long
U.S. Dollar / Japanese Yen (FX:USDJPY)  
TraderAvDM  
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Chart Patterns Beyond Technical Analysis USDJPY usdjpylong usdjpyanalysis usdjpydaily usdjpysignal usdjpyidea usdjpybuy usdjpybullish
79
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trendanalysis chartpattern beyondta usdjpy usdjpylong usdjpyanalysis usdjpydaily usdjpysignal usdjpyidea usdjpybuy usdjpybullish
USDJPY is consolidating at the Support area for the last few days. So, it would be interesting to see if USDJPY manages to stage a comeback this week. Like with any other JPY pairs, the main driver is going to be the Global Risk Sentiment. I expect risk sentiment to get a little better this week because of the recent trade deals with Mexico.
Besides, recent Dollar sell-off on account of Rate Cut related assumptions which are a bit overdone in my opinion.
So, depending on BULLISH PRICE ACTION in the support area, traders can look for BUYs at 108 with SL below 107.70.
TPs can be set at 109 and 110 respectively.
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