walterstrades

USDJPY Long on trendline.

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
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Please don't take this as a signal this is just my analysis. Long opportunity around the 111.00 level. Has been moving in the purple uptrend for sometime, supported by level and trend resistance and double bottom on chart and RSI 30.
I will be aiming for TP around 112.00 so just shy of 100 pips, I will be placing my SL around 110.55 due to stop hunting by banks (if you don't know what that is - look it up) as this is what appears to be a very obvious buy.

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