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AlgoVenture

USDJPY: Follow the Trend and Buy the Retracement

Long
U.S. Dollar / Japanese Yen (FX:USDJPY)  
AlgoVenture  
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis USDJPY usdjpybuy usdjpylong yen dailyanalysis dailyforecast dlifestyletrader tradingsignals
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trendanalysis usdjpy usdjpybuy usdjpylong yen dailyanalysis dailyforecast dlifestyletrader tradingsignals
USDJPY has broken out of consolidation and price managed to close above 112.
The price retraced significantly today and is seen supported now at a rising trendline.
Given enough space to climb, USDJPY is expected to rebound and climb again soon.
We are expecting the price to reach 112.50 and face a strong supply zone.

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