JamesZhang
Long

[9/12] Long USD/JPY with Weekly support

FX:USDJPY   U.S. Dollar / Japanese Yen
26 1 0
  • 1/ USD/JPY             was supported at 118.700 on Jan 4, which was the previous support and weekly uptrend's support.
  • 2/ Since it couldn't break the previous Low of 118.700 in 1-hour chart so far, and just made a little higher low which is not very significant through, it's still more likely to get back to 61.8% of Fibonacci Retracement .
  • 3/ Long at 119.135, SP: 120.214 (61.8%), SL: 115.570
    Risk/Reward ratio:1.92
  • 4/ Be aware of the risk is that the price is now under the MA Lines, and the USA employment data is coming on Friday.
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