Confirmed buy signal

FX:USDJPY   U.S. Dollar / Japanese Yen
In my view this is a good quality technical setup with low risk

1. Good support on the weekly time frame
2. Inverse head and shoulder pattern on D1 - a reversal pattern found on major support? How lucky :)
3. Pullback to the fibonacci zone
4. Pin bar signal candle
5. Moving average pinned

This trade setup can be traded with a provisional target and if the resistance pops there can be MUCH more profit that can be realized.

See the daily time frame view

Don't invest what you can't afford to lose. This is not investment advice. Subjective view/report of a financial product only.

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