FX:USDJPY   U.S. Dollar / Japanese Yen
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Here we can wait for price to go to the level indicated. There should be stops there. In my opinion placing a stop loss and to trade for longs is too risky for now. Rather we wait for price to to the indicated level and decide to trade the breakout or the potential reversal. The candle stick formations and strength of the dollar would help determine which is the best option when we get to the level.

Disclaimer. Trade on your demo accounts. Never risk real money. I am no expert and only view my opinion. Anything and everything shared by myself is for educational purposes only.

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