umeh_barry

Long term trade. Monthly chart

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
Depending on how the dollar recovers after a bad week this trade could go both ways. There is a major long term support at 108.708 and 101.300. The USD can rebound at any of these support and go all the way to either 108.698 or 114.690 which where previous resistance levels. Please remember patience is required for safe and profitable trades and long term trades are always better than short term.
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