usdjpy long

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Long

U.S. Dollar/Japanese Yen (FX:USDJPY)

FX:USDJPY U.S. Dollar/Japanese Yen

usd-us-dollar

USDJPY PRICE HAS RETRACED TO THE SWING POINTS. H4 PIN BAR FORMED AT KEY RESISTANCE TURNED SUPPORT. LOOK TO BUY AT 119.13 FOR BETTER RISK REWARD. OVERALL TREND IS BULLISH WITH SOME CONSOLIDATION SLIGHTLY. HOWEVER THE H4 CLOSE ABOVE 119.34 (BLUE ARROW) HAS CONFIRMED BULLISH BIAS STILL IN PLAY.

CLOSE HALF OF YOUR POSITION @ 120.60. AND MOVE YOUR STOP LOSS TO BREAKEVEN. HOLD THE OTHER HALF TILL 121.50.

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