Forextuitions

USDJPY LONG TRADE SETUP

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
The daily is turning down against the March highs at 111.68. The 4 hour is turning down against 106.11 October high. While below 105.34 the pair can see further weakness toward 102.50 to 102.00 before a bounce corrects the cycle from the 106.11 October highs.

LONG USDJPY
@104.50-104.20

TP: 106.00
SL: 103.80

Good luck !

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