USDJPY Long Idea

4 Mar 2018

This week there is a lot of news regarding the dollar and the yen. In a perfect world we see a pullback to 105.4 and take long positions targeting 105.95 as target one and 106.4 as target two. Since we may not pullback that far, I am still bullish on the dollar this week as we need to retest broken supports and as the market sets up for NFP on Friday. Take positions carefully as NFP week can be a bit wild.