Mihai_Iacob

UsdJpy- back to 108?

Viés de alta
FX:USDJPY   Dólar Americano/Iene Japonês
On Friday, UsdJpy had a spectacular reversal with a rise of almost 200 pips. This puts in a BIG bullish engulfing on our daily chart and gives us reason to believe that 104 is bottom.
Now the pair is trading close to 106 resistance and a correction is normal from here.
Buy dips is my strategy for this pair and I expect 105 to be a strong bid zone.
A break above 106 would expose 108 resistance

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