We are in bullish mode on USDJPY currency pair
Here is the illustrations and snapshots for USDJPY Forecast and technical analysis May 19 2014
USDJPY experiencing a critical technical level. On the weekly chart you can see a green trend line, and the current candle is struggling to hold that trend line. If it breaks the trend line along with the strong support level 101.100 then it will go further down. But we are still biased about a long usdjpy trend.
On the daily chart we can see USDJPY is still holding the strong support line 101.00 level. We will look for long till the break of this level.
On the h4 chart we can see that its experiencing the daily trend line a nice position to make an entry.
Fundamentally USDJPY is suppose to go long and technically we are experiencing the critical 101.00 level and a strong daily/weekly trend line. We will be with long till the break of 101.00 level on USDJPY currency pair