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Men_of_The_Markets

USDJPY ANALYSIS

Long
U.S. Dollar / Japanese Yen (OANDA:USDJPY)  
Men_of_The_Markets  
OANDA:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Chart Patterns Beyond Technical Analysis USDJPY usdjpyshort usdjpylong usdjpyanalysis usdjpydaily usdjpysell usdjpybuy usdjpyforecast usdjpylongsetup
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trendanalysis chartpattern beyondta usdjpy usdjpyshort usdjpylong usdjpyanalysis usdjpydaily usdjpysell usdjpybuy usdjpyforecast usdjpylongsetup
Just as our last analysis stated, we saw the sharp drop on this pair on Friday last week.
Coming into this week, price traded into a daily level of support and started showing some rejections.
And so with the impact of the current USD news, the dollar became strong.
Now, we see bullish momentum stepping in to push price.
As we have broken out of the recent region, we expect a pullback to lock us in for sells. We want momentum to be in our favour.
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