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TheTradingDistrict

USD/JPY H4 - Temporary Long

Long
U.S. Dollar / Japanese Yen (FOREXCOM:USDJPY)  
TheTradingDistrict  
FOREXCOM:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Double Top or Bottom thetradingdistrict USDJPY usdjpylong
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trendanalysis doubletoporbottom thetradingdistrict usdjpy usdjpylong
Price has massively sold off these past few days. USDJPY now approaching previous support forming a double bottom. If we find a strong rejection from this support, we can look for temporary longs to the .382 fib retracement for ~40 pips. Let's wait for confirmation.

Entry: If price action allows, ~107.150
SL: 106.915
TP: 107.550
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