Long term I am bullish on USDJPY. Short term I think it is due for a pullback. At least three orders of wave 5's look to be done.
There was economic news about US postponing Trade War with China. I think that is why UJ gapped up over the weekend. This news might give USD some strength.
So this is to Observe ONLY. Maybe on Tuesday I will consider a position.
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110.025 price in above chart is referenced to this finding:
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For my longer term bull outlook, I can imagine 113.00-113.50 target as posted here:
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As I figured, USD is ripper strong. Will evaluate and consider adding to my longs. Unless London does something shocking, there seems to be no stopping this train.
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Pullback might have started. Not expecting much of a retrace, but watching for something like this:
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Entered a long per last pic, on pullack to previous resistance that is now looking like support