USDJPY: Looking For A Small Wave Continuation To The Highs

FX:USDJPY   U.S. Dollar / Japanese Yen
373 6 12

Looking for a nice long to the higher highs. A bullish flag scenario could be in play, and the extension target is directly congruent with the wave targets expected in a 3 wave impulse pattern.

Best of luck,
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What is your target? Looking like it will get there soon ;)
Hey tom, everything is dependent on how strong the dollar is likely to get from here. What's your take on the USDOLLAR index? Do you see dollar strengthening after Yellen stating in today's speak, that rate hike is likely to occur this year?
TomProTrader moneymaking
I wouldnt like to point it out right now, If I am completely honest...

TomProTrader TomProTrader
I should have added additional clarification with my answer.... Well it depends on how things go from here, at the moment i'm too unsure to be able to make a decision where i'm confident enough to share it with other people.

Kind regards
+1 Reply
moneymaking TomProTrader
Yes, I also see the dollar is in no man's land. It seems like it can go either way and this is also causing other pairs that like EURUSD, to be act in a similar way.
TomProTrader moneymaking
Yeah, FOREX doesn't exist with diversification. Thats the issue with trading pairs that are able, or at least eager to be collateralised with other pairs.

Kind regards
+1 Reply
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