USDJPY: Growth Opportunity

USDJPY, H4

On the H4, USDJPY formed a descending channel pattern and broke the upper trendline. The Chaykin rose above 0, and the lips crossed the jaw of the Alligator, indicating an upside opportunity.

• We consider buying USDJPY on consolidation above 149.000 with a target to 150.500 and further to 151.000;