EFAnalysis

Long USDJPY into FED meeting on Wednesday.

Long
FOREXCOM:USDJPY   U.S. Dollar / Japanese Yen
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- Support level at 112.720

CPI recorded at 2.2% so possible rate hike on the table
Price action on the weekly is still largely bullish into the yearly close/ overall bullish flow.
Trade closed: stop reached: Got crushed on this trade, notice how the level was used for resistance before plunging lower.