USDJPY- Getting ready for take off!

9 Des 2016

Usdjpy remains in overall bullish trend on the weekly and daily. We have seen the pair go into consolidation on the 4 hours and daily chart over this week. Yesterday we saw a formation of a bullish engulfing candle on the daily chart. It signaled a coming bullish move. Today we see this is playing out. A close above 114.79 on the daily bar will confirm a continued bull ride. Bulls get ready for take off!