USDJPY,Daily (LONG IDEA)
USDJPY have been holding the 109, 373 support firmly from the previous week which a test of trendline around that key area is seen with a bounce of the 50% fib retracement level gives a good confluence and indication that is a critica level to look out for to anticipate long position as long as the support remains to hold .
My ideal entry would be around 109,400 or just above that level.
Stop loss area is 108,253 and Profit Taking Level is 114,00.
All the Best .
My ideal entry would be around 109,400 or just above that level.
Stop loss area is 108,253 and Profit Taking Level is 114,00.
All the Best .
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