Kewanhedgefund
USDJPYW- Four weeks of consolidation zone broken, fifth-week candle closed above all the previous wicks.
D- Bearish structure broken, new higher low and higher high have been formed. ( would it retest 38.20%?)
4h- 38.20% fib re-test.
First TP : 107.664
Second TP : 108.187
Over all TP : 109.826 (300 pips)
GBPJPYW- After being stuck for two weeks, the consolidation zone was broke, last week's candle broke and closed above the wicks.
D- Zone broken, needs a re-test, double bottom.
4H- selling to re-test level, 38.20% or 61.80%
Overall, I'm looking to go long since the reversal has formed, HH's & HL's. 148.00 is the target!