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USDJPY Formed Bullish Pin on H4 | July 4, 2017



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Usdjpy gained bullish momentum after long bearish rally. We can see now consecutive bullish candle on h4 time frame which is suggesting for bullish mode on this pair. Buyers are trying to pull up this pair. 112.73-90 level is near term support level. Sellers tried to break this but failed to do this and formed bullish pin bar on this zone. So this can be good buy setup for this pair. SL will be below the pin bar and TP will be 30-80 pips.

There is more chance to start bullish rally if this pair can break the resistance at 113.46. So buyers can hold the buy entry if resistance breaks. Then next target will be 114.28 level

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