HProTrader
Long

USDJPY LONG TO 126

FX:USDJPY   U.S. Dollar / Japanese Yen
27 0 1
We've had a 50% retracement since the range breakout which confluences with the monthly pivot . The monthly pivot held strong and we did not close below that 122.5 support level . Since then we've moved up to the 38.2 FIB level.

I'm awaiting a 4hr close above the bear trendline to go long to 126, which confluences with the R1 monthly pivot level. This should be a simple trade, following the trend and breakout momentum.
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