KarYong

USDJPY - Potential Upside Reversal

FX:USDJPY   U.S. Dollar / Japanese Yen
As long as the following conditions met, we have a good opportunity to take an upside reversal trade -

1) Price does not fall below 108.36 area
2) Price respects the level between 109.08 to 109.56
3) Price shows up a strong impulse move up (as a confirmation)

It's currently NOT yet ready to long.

As always follow your plan and trade you plan.

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