trinitytutors
Long

USDJPY Is Sitting on a Significant Level of Support

FX:USDJPY   U.S. Dollar/Japanese Yen
This weekly chart reveals that the dollar-yen has reached a crossroads of sorts. Given the support offered at this level in combination with the yen's medium-term bearishness and the dollar's longer-term bullishness, I will be looking for the initiation of an upward trend to enter a long position.
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