FX:USDJPY   U.S. Dollar/Japanese Yen
259 2 1
mid march and mid april lows form a trendline that was tested but not pierced yesterday. market bounced back at this trendline . 4h timeframe shows some good candlestick signals as well. waiting for today's announcements to be over might be a good idea before investing. target at 103.5 ie the high of mid march. a stop at 101.1 seems like a good idea. It gives a riskreward ratio of 3:1. happy trading.
also one can see short signals in eurusd and nzdusd thus giving some correlative confirmation
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the price just tested the trendline support and failed. 1h timeframe shows a piercing pattern. another opportunity to go long. :)
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