Sforex
Long

USDJPY: Set up A STRONG DEFENCE LINE

FX:USDJPY   U.S. Dollar/Japanese Yen
252 0 1

The encirclement is gradually tighter.

A strong defence line at : SMA200 + Kumo cloud + 120.50 level/

There is a division among commercial banks.

- Morgan Stanley             , Credit Sussie, and Citi go LONG.

- Danske, BNP go SHORT.

I go LONG to 121.60

Which side do you choose ?

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