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Long

Long USD/JPY breakout above 102.50

FX:USDJPY   U.S. Dollar / Japanese Yen
360 0 13
USD/JPY             fails to extend gains above 102.50 which is stiff resistance (10-DMA).

Markets sentiment appears to have soured after mixed Chinese datasets.

Downside remains cushioned as the greenback remains strong near fresh weekly tops reached post-NFP report.

Support on the downside seen at 5-DMA by 101.82, 101.56 (June 28 low) and then 101.

Break above 10-DMA at 102.50 finds next major hurdle at 104.04 (20-DMA).

Good to go long on brekaout above 102.50, SL: 101.80, TP: 102.83/ 103/ 103.40/ 104
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