xFuD
Long

UJ Retains bullish structure

FX:USDJPY   U.S. Dollar / Japanese Yen
144 0 0
For a while now, UJhas been ranging. Several breakout attempts have occurred and failed. However, the bullish structure on the UJ remains.

Bears are unable to push the price down much, and their impulsive selling was quickly halted and followed by a push to the upside, with our long-term trend.

Hence, I am looking to open long positions on this pair. A breakout play is acceptable as well.

The target is a long term level.
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