U.S. Dollar / Japanese Yen
Long
Updated

USDJPY Channel breakout - interesting setup

69
USDJPY trades above resistance 107.10 with a clear channel breakout could support positive trend continuation to 108.50 and 109.75, SL @ 105.20
Note
Inverted Head and shoulders supports our bullish outlook
snapshot
Note
First TP hit at 108.45, +135 pips from entry. Now move your SL to entry and enjoy a risk-free trade.
Trade closed: target reached
I prefer to close the rest of the opened buy trade at 107.10 here at 109.06 with +196 pips. looking for some correction to enter another long entry.

snapshot

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