Allan

Nice 50% retracement on USDJPY

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
2
USDJPY has retraced nicely to its 50% now we should have a slow bounce which would lead back to the 121.8xx and up. Target set at the 123 area. Stop loss set below the kumo area at 118.300. 4h kumo is providing with support and ascending quickly. 4h tekan sould now be a resistance at 119.800 area.

Entered the market at 118.833 with a few lots, if trend resumes I will add more to my position

Good luck