Stefano
Long

USDJPY 4h trade plan (Long)

FX:USDJPY   U.S. Dollar/Japanese Yen
157 0 2
USDJPY             is testing for the 2nd time the 50/61.8% retracement area of the 115.58 - 122.03 up move. This area already produced a good reaction in the past. Rally can resume from here, but i am more inclined to favor another push lower to the 100%/161.8% extension level of the 3 waves correction tahi it is forming. If this will be the case i will start to build long position at 117.00 area
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