Hi, I'm Chris Capre, founder of 2ndSkiesForex. I'm a verified profitable trader and trading mentor. As a professional trader, I specialize in trading Price Action and the Ichimoku cloud. As a trading mentor, I have one goal: to change the way you think, trade and perform using 18 years of trading experience and cutting edge neuroscience to wire your brain for successful trading. Want to improve your trading edge and mindset? Check out my trading courses here.
My Current Active Open Positions: GBPJPY, EURUSD, AUDUSD, USDJPY, USDRUB, AUDNZD
USDJPY – Bullish But Just Under Key RRL (4hr chart)
Very much like the GBPJPY, the USDJPY price action has been finding the bid all week, up about +200 pips over the last 4 days. However the pair is coming up against a key RRL around 115.24, that had 2 touches as resistance and support since Dec last year.
I’m expecting some profit taking, however a weak corrective pullback from here would suggest bulls are going to make an honest attempt to clear this level and target the 117-118 zone.
Only a daily close below 112.45 would negate my MT bullish bias.
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