UJ, Bullish Channel, Interesting Pattern and more.USD/JPYOANDA:USDJPYDon_BobThe Week:# The bullish modest pullback continues for second week in a row in a very systematic way as we will observe on later on the 4h TF analysis. The move is supported mostly by underlying fundamentals mostly coming from Japan. Interest rate hike on the base of it. Judging by the volume (low, under average) there is not much institutional participation, this is a signal for us to be alert for the next big move, to protect our trades using stop loss, and also having moderate targets (from level to level). Daily Chart:# The week opened by forming a HL and then continuing in the upper half of both the daily and weekly range, but hasn't yet tested the highs of the range instead the price came back to test and find a support. And it seems so far that it has worked. In the incoming week the targets for the bulls will be the da upper band of the daily and then the weekly range, 157.662 and 159.454. Now the main question is will it break any of them or will it be rejected and continue sideways within the range. For me so far there is not enough momentum in the move, volume is low, and for a breakout we definitely want to see some more presence in the breakout. Let's look for some more clues in the smaller TF's. 4h Chart:# Since Tuesday (the week before) the pair entered in a upsloping channel, there some important things to note in this channel, First it's a very strict channel or to say the price respect the boundaries of the channel. And Second the two main up moves are identical ( 11 bars, 1d and 20h, about 260 pips and volume at around 440k), using this same metrics we can try to predict or visualise what the next up move might look like, this also offers us a really strong set up. And here in this scenario the price do break the range. Another interesting fact is the PA between the moves, they hit low at about, 10 and 9 bars respectively, but the second move started at bar n14., currently we are at bar n13 so in the next 3 candles I expect the next move to begin (about 12 hours from opening) before or on NY session on Monday. 1h Chart:# The previous TF's were very clear on this occasion so there is not much to add to the analysis on this particular time frame. So I will run into the trades opportunities in the past week and then to the plan for next week. The pair traded really well last week (like a text book example) we had clear entry points on trend line both lower and upper band, absolutely great set ups. The first came in the first hours of opening after the initial fall in price, this was a high risk entry as the trend line had to be confirmed yet. I mapped the other entries on the chart, visualising is much better rather than me explaining them. The Plan:# As mentioned earlier I think the best set up will be the continuation of channelling as soon as it touches again the lower band of the channel and the target at around 158.150 where I believe it will be the next upper band hit. On the other side if it breaks the lower band then in that case a test will be needed before entering in shorts, so it might require a bit more of patience, the target in that case would be lower band of the 4h range 154.000 or even lower the low of the daily range. I hope you enjoyed this Idea. Thank you so much for dedicating your precious time in reading this. I wish you a profitable week. Remember: Stay Disciplined, Be Patient, Risk but Be Wise. Don Bob