DislikedThis is using the weekly pivot indicator on the usd/jpy. On the daily were in a strong long trend, that has retraced a bit. Do you see the green line on the weekly pivot indicator, once it clears that green level (s/r) I would go long. Same thing on the 4 hour chart. I don't trade the 1 hour so I really can't say, (but some other traders can). My targets would be the blue levels. The trade isn't quite ready yet...but it's getting their! The guppy's look strong. The 200 ema is in a good place. We need for it to shoot out of the pac on the daily....Ignored
additionally, looking at the hourly chart, you can sort of draw a trend line (there are 3 points that line would have touched the price. i can't post what i'm saying since i'm using mac atm. my mt4 are all on my pc laptop).
if i were to hazard a guess it should be during tokyo session. alternatively i can be wrong and price takes a sudden turn southward/ranging for the next day or so.
Greenb
Daniel