SerialTrader

USDJPY - Alert statement - 4h chart

FX_IDC:USDJPY   U.S. Dollar/Japanese Yen
9 0 2
The USDJPY             is getting close to a zone where you have to stay alert. There is a good potential in the 4 hours chart that the price break out the resistance and continue the bullish rally. Nevertheless, in lower charts the USDJPY             is going to have a very dificult way for breaking out the resistance.

So, the idea is to stay alert for a break out and confirmation of it to go long, or a retracement in the price in the 4 hours chart to go short.
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