MikesMarkets

USDJPY long (has fallen below 800 EMA)

Long
OANDA:USDJPY   U.S. Dollar / Japanese Yen
Looking for a USDJPY long. It has fallen below the 800 EMA and is approaching a strong support zone. 50 pip take profit with a 30 pip stop loss. We're only doing a 50 pip take profit because we are staying clear of the 800 EMA line. We use the 800 EMA as a support/resistance zone and in this scenario it is a strong resistance so we are going to stay away and not get greedy!! Let's eat
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