EuroDollarExpert

USDJPY - Breakout To The Upside In Motion

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
Hi Traders,

We await confirmation of the break up with a rejection of a move lower within the range of the rectangle .

As we saw earlier there was a fake break out above the trend line which was met with a sharp move lower.

To begin buying we want to see price supported within the rectangle as it falls in line with the price structure of the previous breakout which failed to find support.