DeGRAM

USDJPY on strong support level

Long
FOREXCOM:USDJPY   U.S. Dollar / Japanese Yen
The price once again approached a strong support level.
Over the past two months, the price has touched him three times.
And the last serious (but not long) breakdown was in February-March.
Then the price dropped sharply in a couple of weeks and rose again.
Without this, the price has been moving above the level for several years.
And every time she comes to him, she grows up.
This is the reason why I now expect growth.
A plus. A support line runs near the level and crosses it.
I expect the price to test this support area and rise.
The target is the resistance line.

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