Decodingthemarket

#USDJPY Risk/Reward Ratio 4.3

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
If the price manages to stay above the descending trend line (gray) and blue dotted line/ Fib 0.618
Next candle should be strong enough to close somewhere in between yellow box
Price is moving between Fib 0.786 and 0.618 Price may move sideways before break above Fib 0.786/Yellow box
Waiting for confirmation
NFA

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