U.S. Dollar / Japanese YenUpdated

usdjpy scribbled idea

big picture is to the upside after long-term consolidation

Note

so far so good. It looks like a bullish week on this pair next week from 3 to 4.

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Preparing for a little retracement midweek from 4 to 5. Moment of truth is looming. Big breakout is around the corner.

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4 to 5 complete. Now closer to break point. Up or down? It might be to the downside to allow the YEN crosses like CADJPY to trade even lower. Best to put orders on both sides and carefully monitor.

zarMan

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