vj20_fx

Retracement to trendline = Re-entry

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
I am currently in this trade sitting in profit. However, I have found a promising opportunity for a re-entry. Whilst in the trade, price has formed a sound up trend bouncing of trend line neatly. I believe price is currently in yet another retracement to trend to then carry on bullish . This pair may see a few retracements but I believe price will rise to atleast 114.100 based on the major trendline on the daily timeframe .