USDJPY – SPOT: Breaks Higher From Bullish Fakey Setup
USDJPY – SPOT: Breaks Higher From Bullish Fakey Setup + Long Tailed Bar
Price Action: There is no new price action signal to note at this time.
Price significantly moved higher from the prior Bullish Fakey Setup + Long Tailed Bar that had formed just above the 114.15 – 40 short-term support area over two weeks ago (We suggested trading this setup in the February 27th weekly newsletter).
Potential Trade Idea: We are still considering buying on a retracement lower to within the range of the prior Bullish Fakey Setup + Long Tailed Bar Signal, whilst price remains above the 114.15 – 40 support area.
Price Action: There is no new price action signal to note at this time.
Price significantly moved higher from the prior Bullish Fakey Setup + Long Tailed Bar that had formed just above the 114.15 – 40 short-term support area over two weeks ago (We suggested trading this setup in the February 27th weekly newsletter).
Potential Trade Idea: We are still considering buying on a retracement lower to within the range of the prior Bullish Fakey Setup + Long Tailed Bar Signal, whilst price remains above the 114.15 – 40 support area.