USDJPY: Long term simplified analysis

FX:USDJPY   U.S. Dollar / Japanese Yen
1736 13 56
The pair is highly likely to be headed towards the 103 area where we would expect a bounce towards the top of a expanding triangle, a break above and we start a new long term up trend which would provide hundreds of easy trading opportunities!

IMPORTANT: The setups posted here are not trade calls or signals and are intended for informative purpose only and you should use your own strategy to determine entries and exits. They reflect my general view of the market and does not mean you should take the trades without a proper trading plan or strategy, If you would like to get all my setups together with exact entries and exits with please visit http://www.thepiphunter.com and subscribe.
Comment: we may have a good move up starting
I agree this pair is definitely going to reverse soon taking all Yen pairs with it. Good trading to you and thanks for sharing.
+1 Reply
piphunters TimStuyts
thanks for your view
What are your thoughts on selling on way down to 105 area for some extra pios until we see corrective action upwards?
piphunters DonaldBradley
you can find a sell setup next week
Can we sell on way down to 105 area for some extra pips?
agree mate but i think there was two short entry point before breakdown and after breakout here is the first one
+1 Reply
Wave-Trader Wave-Trader
and here is the second one
+1 Reply
piphunters Wave-Trader
nice, we seem to have the same targets :)
piphunters Wave-Trader
thanks for your view
Wave-Trader piphunters
yup we are on same side bro thanks for your quick sharing
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