VForex
Long

USDJPY Long Opportunity

FX:USDJPY   U.S. Dollar/Japanese Yen
- MA's indicating bearish trend which will result in a bounce off the monthly support level and break the weekly resistance.
- TP & SL are based on Fib levels.
- The TP might be slightly lower but higher than the 50% Fib retracement due to a small resistance level at 116.75
- Raising RSI level might result in a bounce off the weekly resistance and hit the monthly support level so stay patient with this trade.
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