BlackPipper
Long

USDJPY: Probable Long Setup

FX:USDJPY   U.S. Dollar / Japanese Yen
46 0 1
On the weekly chart, we can see the confluence zone around 105 due to the previous low and rising point, 786 Fibbo and 200 sma as well. We can enter long in that area with a tight stop and for higher high targets. NFP is the limelight event for the week and it can act as a catalyst for the trade.
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