The Technical outlook for the USDJPY is very strong. The current price is trading above 2,3,4 Daily Highs; this means the price is very bullish.
We took a long trade based on the Bullish wave structure count after a retracement into the buy zone of the bullish CHoCH.
Watch out for the 154.60 (-0.618) Target 2 of the Fibonacci.
If the price manages to trade above this level, there is a strong chance that the price will continue higher.
We took a long trade based on the Bullish wave structure count after a retracement into the buy zone of the bullish CHoCH.
Watch out for the 154.60 (-0.618) Target 2 of the Fibonacci.
If the price manages to trade above this level, there is a strong chance that the price will continue higher.