UJ is gaining an enormous strength and will continue this way if Market condition remain as is....
Long USDJPY: - MACD grossing upwards - RSI showing bullish signs - Previous structure, blue line - Fib Level tested unsuccessfully, so should be going up - 200MA didn't allow it to go further down - Stoch Indicator pointing up * DXY hitting major support (past structure) and Fib soon, bullish sign? GL :)
USD/JPY Weekly outlook, we have a couple reasons to think this is a bullish retracement. Returning into the weekly drop. Something to look at.