trustbrokergroup

USD/JPY BUY - 20/10/2017

Long
FX_IDC:USDJPY   U.S. Dollar / Japanese Yen

The price showed a significant growth during the Asian session and now is testing the upper limit of the consolidation/level of resistance 113.20 - 113.42. Given such a strong bullish impulse, it is necessary to point out the scenario of the breakout of this level. If the price breaks the resistance out sharply and on large volume, it will be a great bullish signal, so we will be able to open long positions. A stop loss should be placed below the breakout volume bar. A potential of the deal is 110+pips.


The bottom line: long positions after the breakout of the resistance.
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