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USDJPY Outlook 7-11 March, 2016 | March 6, 2016
Usdjpy has pulled back from 113.15 support level after NFP news. Bullish pin bar has been also formed h4 time frame. This bullish pin bar can carry this pair more high. On the chart, we can see a triangle. After the breakout of the triangle, we can take entry according to the broken side.
This pair is trying to establish new trend. So we need to follow the uptrend for this pair. Buy zone for this pair is 113.30 and stop loss will be below 113. We can target 114-115 level for the buy entry.
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