Ready for bullish push?

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

Vladimir Ribakov

Following 11+ years of trading experience, trading my own accounts as well as for hedge funds and brokerages, I have decided to fulfill my destiny and to personally mentor Forex and Commodities traders. When I released the “Broker Nightmare” (software that hides trades from brokers) 8 years ago, I found an overwhelming number of frustrated people who genuinely wanted to learn how to trade the Forex market, but instead found themselves scammed and misled. Over the years I have also release other trading systems based on my trading strategies, and met a lot of people on my worldwide Forex seminars. We’ve formed a close Forex community and we meet once or twice a year in various locations in Europe.