the5erstrading

USDJPY PULLBACK COMPLETE.

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
The past few days USDJPY as pulled right the way in and dipped into the daily Demand zone. With a very strong bounce candle and moving into the new week, I can see this either shooting for the Supply zone or forming a double bottom.

Keep an eye out for the BOJ outlook report as this can move this chart with strength.

Share your analysis with me, let us create a discussion!

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