Chartist-Trading

USDJPY: Testing previous lows

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
USDJPY is testing previous lows at 112.70-80 area and we believe that a bounce from that levels is a possible scenario, as the move shows signs of exhaustion.
We will try BUY orders around 112.80 area buying some more at 112.55 in case of a false break. We will set our stops below 112.35, targeting 112.25-30.
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