EuroMotif

USDJPY long scalp Idea: waiting for retrace on UJ

EuroMotif Mod Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
USDJPY long scalp Idea: waiting for retrace on UJ

This pair has moved up a LOT recently.
Going long now is risky, but I think it has one more bounce left in it.
Trade idea uses the Monthly and Weekly pivots as support.

The ''Fib Zones'' (grey lines) mentioned above are form my periodic Support/Resistance analysis

If you are not familiar with 'Pivots' or what exactly I mean by them, check this Idea:
Trade closed: target reached:
Target hit but WITHOUT me :(
Oh well, at last the analysis was correct.
Next time the entry might present itself.

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