KarimSeg

USD/JPY - the crucial week

Long
OANDA:USDJPY   U.S. Dollar / Japanese Yen
this week is very important inside usd/jpy, if Monday´s candle stick closes in a rally up we might see a short bullish trend towards 114,316 , a very important resistance level. In this level we might see a pullback or a very likely breakout seeing that a weakening dollar is emerging. If the US Dollar keeps getting weaker than this level will be broken, but if the Japanese government keeps printing Yen Bills, than a pullback is also likely. Lets hope for a breakout and enter a porfitable longterm bullish trend. But if Monday´s candle doesn{t confirm the bullish short trend than it´ll likely rally down and perhaps finish the Head and Shoulders pattern.
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