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CBMotivation

USD JPY - PULL BACK INTO THE BUY ZONE

Long
U.S. Dollar / Japanese Yen (CAPITALCOM:USDJPY)  
CBMotivation Updated   
CAPITALCOM:USDJPY   U.S. Dollar / Japanese Yen
Support and Resistance Supply and Demand USDJPY usdjpylong
2
0
supportandresistance supplyanddemand usdjpy usdjpylong
The DXY has pulled back as expected into a strong area of support, if that holds expect USD pairs to respond accordingly and despite the pull back, the USD v YEN has remained strong, we need patience to wait for the pull0back into the buy zone between 109.3 - 109.7, this is a nice 2 - 4 ratio return on a 0.5% risk, just what I like to watch for.
Comment:
We're now seeing a pin bar on the daily, considering a buy trade on price action into the 110 consolidation area of interest
Comment:
The DXY is already shooting off, so we have missed this one, no point getting an entry until we get a pull back into support
Comment:
We are approaching the buy zone
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