jamison_fx

USDJPY ALMOST READY FOR A BIG MOVE

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
Id like to share my view on USDJPY.. I see great opportunity this week for a trade as price has been showing a bullish move from the lows of 105.000 area with multiple bounces off the ascending trend line. Price has compressed on this lower 1 hr time frame showing that it is ready for a big explosive move to the upside through resistance at 106.000 with targets of 106.750 next. Otherwise we may see a break of the trend line and price back down to that 105.000 level.

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