Hello everyone we were able to sell UJ right at the top and the price made a pullback just the way I predicted on my last update. Now I am expecting the price to go higher and looking to sell close the upper trendline.
Heres a video analysis on this setup
Hey Traders! USDJPY has completed a triangle at the end of wave-(B), alternatively wave-2. This move has potential to find T2. Stop is very tightly placed behind wave ii pullback on a lower TF. Will update as the breakout unfolds. Happy trading!
Strong bullish trend still in tact. We had a few tests of New Support/Previous resistance. (121.80 area)
Looking for a clear break of 122.00 to continue the slow rise to 124.00 area.
BOJ states no clear end in sight for easing -
"Strengthening monetary easing too much to push up ...