FX:USDJPY   U.S. Dollar / Japanese Yen
Hello traders,

Remember our last idea on UJ?
We were waiting for a short trade opportunity which did not happen as wished.
USDJPY has made it pass the middle line of the channel and now it only a position that looks like a resistance zone but still not confirmed as.

So right now we dont want to risk to short UJ .
We do love to follow the trend try to enter a long trade at position 2 or 4. It depends on what this pair will give.
Long trade is possible to 115

Less is more!
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I agree with your bullish view on USDJPY. Our trading signal idea is also of the same bias. We have found roughly support level at 112.67 which is also a horiozntal overlap support where we are expecting a bounce.
Additionally, RSI is also approaching support which supports our bullish bias.

Glad to see that we have the same bias for USDJPY


Reply
abouel FXCM-EDU
@FXCM-EDU, good job and nice ideas both of you thkx for sharing with us
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