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GIgor_021

USDJPY: possible scenario

Long
U.S. Dollar / Japanese Yen (FX:USDJPY)  
GIgor_021 Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
Support and Resistance Supply and Demand Beyond Technical Analysis usdjpylong riskon Bullish Patterns riskreward SWAP negative like follow followthetrend
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supportandresistance supplyanddemand beyondta usdjpylong riskon bullish riskreward swap negative like follow followthetrend
Risk-on sentiment is still valid, the Japanese yen is in the uptrend and there is no sign for a reversal..

Joining bulls from around 110.05-109.78 with 110.8 take profit provides decent R:R (2.73).

Keep in mind that this idea can be realized in several days and long position in USDJPY has negative swap.

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Comment:
Small mistake: USDJPY has POSITIVE swap.
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