MadChad911

USD/JPY New trend line forming???

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
Price has pulled back and is now consolidating around the 61.8% fib level. It appears we also have a new trend line forming.

2 things to watch for:
1) Rejections off of the new trend line
2) Can the pair break and hold above the price of 110.75

I'll be plotting buy opportunities if these criteria are met. Initial target would be 112.

Be prosperous be profitable
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