aaronshore

USDJPY TREND PHASE

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
I believe price action has just come out of the expansion phase, whereby long positions have been accumulated from the selling pressure of the previous breakout which have been stopped out at a strong level of support. I will be looking to take a long position when price pulls back slightly, making a higher low on the 15 min time frame for a precise entry.