LONG IDEA FOR NEXT WEEK - USDJPY - 4 HOUR CHART

SEE PICS BELOW!

WEEKLY CHART
- price currently in a uptrend making higher highs and higher lows
- weekly candle closed above the monthly key level (black line)

DAILY CHART
- price in a overall uptrend (confluence with the weekly chart)
- daily candle closed above the monthly key level
- strong bullish candle broke through the monthly level

4 HOUR CHART
- price in a strong uptrend (three timeframes in confluence with the trend)
- price making higher highs and higher lows
- nice strong bearish candle printed on the 4 hour chart
- price to signal a downtrend if price breaks 113.047 level
ENTRY
- looking for price to retest the monthly key level of 113.700 (nice round number)
which has been tested as S/R multiple of times (looking left)

TARGET
- looking for a test of level 114.524 which has been tested previously
- if price does reach target area, will be looking for shorts from 114.524 level