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mastercoria

USDJPY breaking up an important resistance

Long
U.S. Dollar / Japanese Yen (FX:USDJPY)  
mastercoria  
FX:USDJPY   U.S. Dollar / Japanese Yen
Beyond Technical Analysis Pivot Points Support and Resistance USDJPY pivot
3
1
beyondta pivotpoints supportandresistance usdjpy pivot
Price has just broken up a major Resistance. Divergence shows that it may do a retracement, so that's why I've put the SL in the 78.6% of the Fib retracement.
It did a retracement maximum on 38.2%, so it is a signal of STRONG UPTREND.
Day opened above DAILY PIVOT POINT, so it is a signal of an uptrend.

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