TraderMozo

USDJPY - Can bullish momentum continue?

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
PAIR IN FOCUS: USDJPY
BIAS: BULLISH
HORIZON: SHORT TO MEDIUM-TERM


Price is in a short-term uptrend and the bullish momentum may continue. We could see price retest the zone which confluences with the ascending trend line . Look for bullish price action before any long entries. A retrace to the zone would offer a good R:R for this trade. Target zone is a nearby structure zone.

Let's see how this works out, Cheers!
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