KC_CWG
Long

Ryu on the decline!

FX:USDJPY   U.S. Dollar / Japanese Yen
100 pip move to the north on UJ
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USDJPY            
Dominant bias: Bullish
As anticipated, price broke upwards 280 pips last week - ending the recent equilibrium phase and testing the supply level at 104.00 before correcting by 100 pips. Price closed below the supply level at 103.00 on Friday, so that could be a good opportunity to seek long trades in the context of an uptrend. The outlook on JPY pairs remains bullish , so price could rise by an additional 150 pips this week.
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