Wissam.H
Long

USD/JPY - Uptrend continuation

FX:USDJPY   U.S. Dollar/Japanese Yen
107 0 3
Current uptrend has retraced back to the 23.6 fib level, giving us a good buy setup. Look for the price to continue moving up to the 1.25 fib extension of the current trend.

Note that current price action is hovering around 108.7 levels which as indicated above, is a strong support level due to the fib confluence.

RSI also confirms the pair is still on a bullish trend , as it has been maintained above the 60% level.

Trade Safe, Trade Smart
Good Luck

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