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Long

USD/JPY - Still long....

FX:USDJPY   U.S. Dollar/Japanese Yen
As discussed a few charts back I was long USDJPY             . As you can see from the 4hr chart the price is starting to wind up which is a signal for an impending breakout.

It has formed a symetrical triangle which means price can break in either direction but I still believe we should be bullish on this pair.

Once price breaks the 122 level we should be looking at a claer run to 124.
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