Dollar Yen - Neutral Idea H1/H4

During the US Open this morning USDJPY spiked up from the previous high of 136.720, a price area not seen since April 1998.
Based on the price action from that time period, if USDJPY has a candle body close above 137.000 the pairing will go into a buy with targets 137.185 | 137.560 | 137.860. Resistance is set for 138.000.

If USDJPY has a candle body close below 136.700 the pairing will go into a sell with targets 136.500 and 136.350. Support is set for 136.200.

Be sure to like this post and let me know what you think in the comments {;