mrmyers3133
Long

USD/JPY Long & Short Ideas

FX:USDJPY   U.S. Dollar / Japanese Yen
Price hit resistance level and retraced almost to 1st support zone , may go down to 0.5 then retrace if so look for the "Long" and enter around 109.956. Price may retrace 1 more time at the resistance level and come back down to 109.946 and if so, then you enter "Long". Look to hold position for the rest of the day unless a retracement is seen look to exit and re-enter on a "Short" until you see the retracement to enter "Long" If price breaks the support line going down continue on the "Short" trade
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