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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