ForexWeeklyAnalysis
Long

Possible long on USD/JPY if mid 102.XX region holds as support

FX:USDJPY   U.S. Dollar/Japanese Yen
163 1 2
You'll note that price is in the middle of a bigger range right now and in my books, I never trade in the middle of a range, so proceed with caution. Having said that, if the mid 102.XX region holds as support then there's a possible long on USD/JPY             .
Consider exiting if price closes below the short term upward trend line
Target the previous highs at 104.XX / 105.XX
In case it wasn't clear in the description, I don't plan to take this trade since it's in the middle of a bigger range.
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