butchjong

3.76 RR ratio for USDJPY

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
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3
Technical Analysis
Yagub True Fibonacci shows S&R levels 2.618 support and could rally to the upside upto 4.618 with a good 3.76 RR ratio.

Fundamental Analysis
The US trade currency with JPY contributes 13.6% weight in the DXY and aswe expect DXY to strengthen further we expect a bull rally in the long term.