mert.kucukengin

USDJPY Lost It's Bears

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
USDJPY bearish movement finally lost It's power on sell positions. Finally we saw some buyers still alive on this chart. 108.80-108.60 band both became as a Buy signal and support band for USDJPY and till yesterday It started to move upwards. we saw our first point around 109.10 band and 109.45 minor resistance test in this morning. If this chart holds up with good news from US side it will trigger back up to 110.10 band and 110.75 which major resistance holds up that point.
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