SKACAPITAL
Long

USDJPY OUTLOOK 950+ Pips

FX:USDJPY   U.S. Dollar/Japanese Yen
Possibly looking long up to levels 106.00 then possibly 112.00. However price will possibly move down to the monthly and weekly trend line giving us the 3rd trend line bounce. We would then seek bullish momentum at this level. However, if price breaks below 102.00 and demonstrates bearish momentum will then be looking for our short targets of 98.00-96.00. The red dashed arrow represents a possibility of price rejecting from this level and moving down in a ABCD formation. However, our upside targets are more preferable but we are prepared for both scenarios.
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