USDJPY Long
The DXY looks like it is trying to bottom near 101.5 support. Today was the first bullish day on the Daily.
USDJPY is on it's 2nd Daily bullish candle and looks to be reversing.
1. I'd like to see a pullback on Tuesday to Midrange and for price to find support there. If so, I'll look to get long at Midrange near 130, with stops at 129.60.
2. I'd like to see price move about Monday's High and hold 130.90. If so, Take the long and assess price action for stops.
Notes - Scale in
Be Patient - Expect one to two days of sideways price action this week.
Hold for Target/Projection level - TP1 - 132.74
USDJPY is on it's 2nd Daily bullish candle and looks to be reversing.
1. I'd like to see a pullback on Tuesday to Midrange and for price to find support there. If so, I'll look to get long at Midrange near 130, with stops at 129.60.
2. I'd like to see price move about Monday's High and hold 130.90. If so, Take the long and assess price action for stops.
Notes - Scale in
Be Patient - Expect one to two days of sideways price action this week.
Hold for Target/Projection level - TP1 - 132.74
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