Plamen

Bullish trend for now.

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
As the hours came down to end this week. There was a hammer that bounced off the 0 using Fibonacci. First indicator is the hammer which means change in direction with leading towards bullish. 2nd sign is my bottom trend line which shows that everything is trending bullish for now. 3rd sign is the hammer candle hit the 0 on the fibs which will shoot it up. I would recommend to buy and then take profit at 104.46. At the 104.46 level I would wait for further confirmation. If it passes my trend line and retests above it then I will buy, but if breaks out bearish it could take it down to the 102.8 levels.
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