PipRunner
Long

USD/JPY Monthly Support Bounce

FX:USDJPY   U.S. Dollar / Japanese Yen
A strong monthly support cannot be fully broken on the weekly and monthly time frame. Selling power has slowed down and is in a small sideways trend forming. 63 fibs in confluence with monthly support. Phase 1 long term trend in play for a confirmed trend reversal.
Looking to reach above 107.000 with a stop loss placed 30-40 pips below 101.900
monthly resistance broken. enter short target 99.000
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