USDJPY seems like reaching interesting level.
If we take a look at 4H chart we can see that the prices push down now after a bullish convergence. Plus, we see that it is a beginning of bullish divergence on same TF.
If we remember that the Japanese government will not let the JPY to gain strength too much against US Dollar, we can make a conclusion that that’s a good buy opportunity. Last level that has to hold is the last low around 77.40-50
From here, the pair can retrace and push up back to the trend line.
Here is the chart (click on the picture to enlarge):
Good luck
Yours,
Vladimir Ribakov
www.vladimirforexsignals.com
