CromerKing

USDJPY Long off trendline after new higher high

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
After a break of the inner trendline which you might consider a median line in a channel forming a new higher high we now see a pull back and the line now provides us a place of dynamic support which we can go long off of. We may well sell a dive back below to the 73% mark which Is my favourite zone to go long from. Difficult to put a RR on it as it's a moving target but it's good whatever it is.

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