USD/JPY: Bullish Scenario

U.S. Dollar continue bullish by based the news that US firms more sanction against Ukraine and Russia. And that I believe that will benefit the U.S. Dollar. Meanchile, the U.S. jobs data it's find up optimistic in this economical signal.

Now, I want to share my update of this analysis now about USD/JPY.

We see that USD/JPY forming like a double bottom, but the volume in the price action and RSI could be a signal that we could to entry in the possible manipulation key zone that I watch now.

Now, as I entry in the early more above to $122.74 JPY, I decide to closed up my long and put my long position more below to a buy order limit at $122.23 JPY and hope that USD make this manipulation key what I have my best point to entry in long as right now, firstly, we see a bearish candlestick in H1 timeframe, but the trend and fundamental news it's look bullish. I put my SL to $121.84 JPY and target to $123.33 JPY.

Good luck!!!

Comment:

U.S. Dollar climb up, but never goes more low to touch my buy order limit. BUt at least, I had this sight that U.S. Dollar could to continue climb as we see this double bottom and I was lead by news. I will hope more, of the contrary this idea will be cancelled

For reference, I'm shorting EUR/USD and EUR/GBP in my recently analsyis there.