MEX_Exchange
Long

USDJPY profit target reached, time to start buying

FX:USDJPY   U.S. Dollar / Japanese Yen
Buy above 112.13. Stop loss at 111.34. Take profit at 113.76.
Reason for the trading strategy (technically):
Price has shot down and reached our profit target perfectly. We look to buy above major support at 112.13 ( Fibonacci retracement , horizontal swing low support, Fibonacci extension ) for a push up to at least 113.76 resistance ( Fibonacci retracement , horizontal swing high resistance, Fibonacci extension ).
Stochastic (34,5,3,) is seeing major support above 3.7% where we expect a corresponding bounce from.
https://telegram.me/fxtradingroom --> join the waiting list for our free live trading room!
so far so good! Thanks :)
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