USDJPY trade plan

2019-12-17 17:11:08

USDJPY keeps looking bullish with Buyers gearing up. Support is at 109 and 200SMA.
Additional long at the break of the resistance red zone.
Short could be of this turns into a double top and we break back below the green support zone, more confirmation needed on break below 109.
So far markets still seem excited about the trade deal, so no reason for JPY to pick up. Unless Trump or something else changes sentiment.

Good Luck!