Here we have a nice short signal triggered by the breakout of the middle median line of the Andrew's Pitchfork. In general, Andrew's Pitchfork lines act as a magnet on the price the breakout opens the way to the lower median line. This is a long middle to long term play so the technical picture might be distorted by fundamental events meanwhile.
However if the...
USDJPY is up and rallying, the long term and short term pictures are heading north backed up by fundamentals on both currency pair components the USD and JPY. Our entry setup is pretty simple it's a buy on pullback at first support or in between the 20 and 50 periods hourly moving average (both valid entry zones).
Target is found at 107.31 and SL is right below...
