HutsonBay

USDJPY - Trying to catch a falling knife

Long
OANDA:USDJPY   U.S. Dollar / Japanese Yen
This is a fairly brave position to take, given the USD weakness.
The Japanese Central bank will be watching these low levels and formulating a plan on how to combat
We are buying at support level with targets at 50% retracement which was a previous supply/demand zone where support turned resistance.
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