theforexarmy
Long

USDJPY buy one last time

FX:USDJPY   U.S. Dollar / Japanese Yen
Buy above 111.35. Stop loss at 110.10. Take profit at 113.15.
Reason for the trading strategy (technically):
We buy one last time above 111.35 support (major Fibonacci retracement , horizontal overlap support, Fibonacci projection ) for a push up to at least 113.15 resistance ( Fibonacci retracement , swing high resistance).
Stochastic (21,5,3) is seeing strong support above the 8% level.
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