USDJPY WEEKLY BULLISH TARGET

Aug 3, 2017

On the daily we have good wick support and on the weekly we have a 123 + trend line. Previously price attempted to break 2 but failed to do so. This could be a retracement to build momentum from multiple confluences and strong zones. At the moment we have some range & indecision so watch out for a fake out and maybe a stop hunt. I hope to see price to break the weekly 2 and thus complete the 123 pattern.

Aug 3, 2017

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Bad news for Usd price will be retracing before lifting back up creating a longer weekly wick thus SL being hit.

Aug 4, 2017

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created a lower low on the 4hr & 1hr should see some sort of power move back up. Looking to hold for a few weeks.

Aug 4, 2017

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so far so good NFP pushed up USD as i predicted now patience is in play