USDJPY - Bullish buy signal off of key support

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Dollar A.S. / Yen Jepang (FX:USDJPY)

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FX:USDJPY Dollar A.S. / Yen Jepang

trendanalysis supportandresistance candlestick forex fx usdjpy usd jpy jpyusd priceaction usdjpylong

I 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.

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USDJPY - Bullish bias off of key support area

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