If we look at 4 hour chart USD/JPY main currency pairs looks like the following facts:
1. There is a deviation between price movements with Awesome Oscillator Indicator.
2. The form of Bullish 123 pattern.
3. The appearance of Wiseman. 1 (Bullish Divergent Bar).
4. The appearance of Wiseman. 2 (SAO).
Based on the four facts above, in the coming days the main currency pair USD/JPY has the potential to appreciate, rally upwards to test the 134.77 level. If it is successfully penetrated, USD/JPY will continue its rally up to the 136.19 level and if momentum and volatility are supportive then USD/JPY will continue its rally up to the level of the 138.03-140.03 area but if on its way to the targets of this area suddenly USD/JPY reverses back to its initial bias (Bearish) to break below the 129.51 level then all the scenarios previously described will become invalid and cancel by itself.
(Disclaimer)
