The dollar yen has had an awesome first quarter with bullish moment on the daily as long as we stay above 108.335 we should keep bullish movement. Here is a setup for a quick buy on either the 5 or 15 min chart. We are experiencing a pull back to an imbalance which could spring us upward to our 4hr resistance level with a 1:10 RR. Please check your own analysis...
Nj looks to be losing steam as we failed to break the daily resistance and we didn't break the channel, it will be interesting to see how this plays out. We could have a trend reversal or slight pullback with more momentum to the upside. But be mindful that the (80.400) range is a key reversal point we haven't touched that level since Dec 2018. Happy trading !!!
While using the Ichimoku Thunder & Lighting strategy we see Uj has had a super bullish run. Looking at the trend channel connected to the thunder Kumo (cloud ) we see on the daily timeframe UJ broke the channel after a minor pullback. I'll wait and see how the daily candle forms going into this week before taking any buys. With the dollar being being a safe haven...
After a long bullish run EU seems to be retracing for a test of the 4hr support zone @1.20500. If this zone holds expect more bullish movement if not prices should fall after a slight pull back to complete the OB. Be cautious anything is possible especailly with the new stimulus bill which can further weaken the dollar.