USDJPY H4 FORECAST BUY 1.5R TARGET

We consider to buy this pair because the New Jerusalem Ultimate Band Indicator signal line is very bullish though it suggests that there might be a short pull back and then the price will continue to shoot up before we get stopped out. Also the price has attained a strong support from the New Jerusalem Band Indicator lower line suggesting a strong bullish move awaiting the market to open so that it may continue to manifest. We manage and protect our capital buy using a reasonable lot size and not to risk more than 2.5% of our capital and we open one position only until we hit our profit target. Our exit levels are as shown on the chart. Wish you a successful week ahead.