USDJPY - Bullish buy signal off of key support

7 ביוני 2018I provided analysis two week ago where I laid out a case to go long on a pullback to the 109 region. There were two ways to trade this, either a more risky zone trade or waiting for a price action setup to go long. Price did reach this zone and then formed a double inside-bar pattern that broke out very strongly to the upside. Looking ahead I will be watching to see if price pulls back to this 109 zone again for a second chance to go long, or if price shoots off in a very bullish manner I will be watching for any pullbacks in price to get long with the overall trend.

7 ביוני 2018

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