The USD/JPY has formed a bullish inside bar, or multiple inside bars. The scenario is looking bullish as long as the price holds above 115.00.
USD/JPY Technical Analysis
Breakout above previous inside bar
Rejection from support
Order block is close
M H4 is the possible target
DAILY CHART USD/JPY
Order block
Inside bar
Bounce zone
Target
The USD/JPY has formed a bullish inside bar, or multiple inside bars. The scenario is looking bullish as long as the price holds above 115.00. The NFP made the dollar go lower but it has consolidated since. We should see a move up towards 115.82, 116.38 and 116.55. If 115.00 holds this is the scenario. Break above 115.50 should accelerate the move but momentum is still low. Have in mind that the pair is reacting strongly on fundamental data/news so watch out for any dollar related news in the schedule.
