USDJPY testing the upside support

USDJPY bounce for a continuation higher

 

USDJPY is bouncing off the 114 support. This is a second bounce from the 113.50-114 support zone, and a break above 114.50 is required for a continuation higher. Break below 113.50 is needed for the rising wedge break and a complete downside reversal. What follows for this pair is a directional move higher or lower, and it will give us a high probability trade.

Note: look for the long trade entries with the stop loss below 114

“If you think Investing is risky, wait till you receive a bill for not Investing!” Jim Rohn

 

USDJPY bounce off the support

 

 

 

 

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