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Mihai_Iacob

UsdJpy above 109 figure, what's next

Long
U.S. Dollar / Japanese Yen (OANDA:USDJPY)  
Mihai_Iacob  
OANDA:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Chart Patterns Technical Indicators USDJPY usdjpylong
6
0
trendanalysis chartpattern indicator usdjpy usdjpylong
After 4 attempts in the past month, UsdJpy is trading clearly above 109 figure.
We expect the pair to continue its rise towards 110.70- 111.00 resistance zone

Strategy:
Buy dips as close as 109 figure you can
SL @ 108.60
Soft target 110.00
Swing Target 110. 70
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