Cyrus1235

USDJPY CONTINUES BULLISH MOVE

Long
OANDA:USDJPY   U.S. Dollar / Japanese Yen
From the chart, we can see price made an impulse from 127.00 to 131.00 breaking resistance now turned support at 129.500. On the retest of the broken structure which can be seen being in confluence with the 50% of the fib price bounced off nicely yet unfortunately price moved too fast to get a reliable entry. Today price made another nice pull back creating a double bottom and from here we can take our entry with TP at 132.500.
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