USDJPY: 112s is High Probability Demand

Long

U.S. Dollar / Japanese Yen (FX:USDJPY)

Updated

FX:USDJPY U.S. Dollar / Japanese Yen

USDJPY jpy

usdjpy jpy

All ratios align in the 112s. Buy in purple - keep stops wide. 115s (green) will likely be filled with pressure (potential short there).

Comment:

Trade is NOT yet active. Keeping an eye at 112.15 for entry

Comment:

Still not active. Waiting to see how price reacts at purple level.

snapshot

Trade active:

Long at 111.30. Stop at 110.80.

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