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Usd-jpy-buy

Is this the USD/JPY spring point? Looking at the Dollar vs. Yen on the higher timeframe going into this week looks like it could be in a perfect spot to catch some volume and ride a trend. When looking at multiple variables of the pair you can see reasons why I believe this may be time for the Dollar to fan its wings a little bit. Healthy trend is obvious to myself and my trading style, and to get into long positions I would be looking to attempt to fulfil a pullback that correlates with the previous two pull backs. If my prediction is right on this idea then we should pull right back into that recent bullish reaction and move to the upside. You can see the Fibonacci level drawn on the pair, and then the actual Dollar index and what I notice is a retracement backdown to the .50 mark until bullish momentum picked back up. The overlay printed is tracking higher value FRAMA areas and I have coded it to quit printing the overlay when the lines are crossing or overlapping to indicate an indecisive market and to keep out of "trend trades" in those conditions and focus more on a range strategy if I really must, and I see a trend trade opportunity rather than a retracement down to the range bottom. Even with heavy news last week, the Dollar stayed pretty strong in my own eye due to the fact some important numbers missed, and the impact was quickly recovered. I see this as high bullish impact, and we are in a big retail zone on a higher time frame bringing me to a bias being trapping traders in short positions slowly beginning of the week until the volume control is gained back and will go to take highs and create new ones. The Yen has been taking a beating and the bullish activity cant seem to hold when it does inject. I see a range if anything next week on the Yen index but if my analysis is correct we should see a lower high and a lower low created.
Long
by mbfxtrading