I would looking for bullish of USDJPY but 102.2 resistance is very strong for short if break there will be a support then switch to bullish Target @103.350 Stop @ below 101.40 Good luck
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mustard
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I have this on my watch list, of particular interest is the descending triangle on the daily which has formed after the Jan 2014 high. These normally break to the downside and it is about to retest previous support as you say around 101.20.
Green pips to you buddy.
mustard
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Bounced off support as anticipated.
I am now considering adding short but I would only have an initial target of 100.93, which would complete a bullish Butterfly setup on the hourly chart.
Green pips to you buddy.