$USDJPY | Target $111.50 then Ascension

8 Apr 2017

USDJPY Folks, I'll be brief here on the 4hr chart. Next weeks session target is $111.50, as shown by the red horizontal line. The green shaded area is where I think price range will be in next week. Should price action pause at red line for a few bar ticks, watch for a break out towards $112.88 barrier.The idea here is that price action is to resume back in to the rising channel as shown in the blue sloping line.