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USDJPY TRADING PLAN

Long
U.S. Dollar / Japanese Yen (FX:USDJPY)  
VasilyTrader  
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Chart Patterns Technical Indicators Forex forexsignals forextrading Technical Analysis alert forecast dollar yen yenpairs
21
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trendanalysis chartpattern indicator forex forexsignals forextrading technicalanalysis alert forecast dollar yen yenpairs
snapshot

USDJPY is currently testing 109.5 structure support level.

taking into account the formation of a double bottom pattern
+ clear RSI divergence the market has the potential to pull back up!

our plan is:
if bulls break 110.0 resistance level.
most likely the market will go higher and reach at least 110.5 level.
so we wait for a bullish breakout and then buy the market




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