TradingView
Samra03
Sep 3, 2017 6:50 PM

USDJPY Long Long

U.S. Dollar/Japanese YenFXCM

Description

Looking at pricing history for USDJPY, is in a consolidation range and seems to follow a similar pattern of alternate monthly highs followed by alternate lows between 108 and 114.
Expect price reversal opening few days on the back end of increasing Korea tensions and small backlash from NFP last week. Look for retrace to 109.563 before taking a Long position to 114.000
TP 1= 111.000
TP2= 114.000
SL= 109.000
More