Decodingthemarket

#USDJPY Is Doing it Again

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
Price moves within the symmetric triangle
respecting support and resistance from July
approaching the apex getting the possibility for a big break out to the upside or down side
in the meantime we have a posible setup to go long
on the other hand when RSI touches the 30's (over sold level) price rebounds to the upside breaking above the 200MA (Extension Yellow Line)
Just Waiting to see price fake a break bellow the lower tringle line retesting recent lows
Risk/Reward Ratio of 2.6

NFA

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