J4XLG

USDJPY POSSIBLE OPPORTUNITIES

FX_IDC:USDJPY   Dolar A.S. / Yen Jepun
10
UJ has been underestimated in its ability to become bullish toward completing its cycle, but its well on its way. Previous Key points of interest were found in 112.150-112.200 zone & evidently have already been broken & has advanced toward next TL target to complete cycle. Looking to short this pair between the 112.900-113.500 zones. If USD strengthens significantly, we may experience a break of the above mentioned TL confirming a continuation long. Tight SL will be set for 113.650. Hoping for a stall at the TL and if UJ holds the zone until friday, then we expect NFP to push for the correction toward the predicted reversal downside bias. Will Continue to update as it progresses into the week. Thank You for all of your Support and please trade safely and responsibly. Forex is a high risk industry.
Penafian

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