TradingTipster
Long

USDJPY still ranging, time for another long

FX:USDJPY   U.S. Dollar/Japanese Yen
162 0 2
Awaiting confirmation on a shorter time-frame (strong hammer rejecting the 88.6% fib and the support level or an engulfing candle in the 1 hour or 4 chart), in my opinion it's time for another long in USDJPY             with the 1st target around 102.300 and the 2nd target around 102.700. Depending on the economic data coming on the following 1 or 2 weeks, this might be the swing that breaks the 102.700 resistance level for good and it's a long position to hold for a longer term period.
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