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JallenForex

USDJPY | Long trade entry with extended targets.

Long
U.S. Dollar / Japanese Yen (FX:USDJPY)  
JallenForex Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Chart Patterns Wave Analysis USDJPY usdjpylong signal longtrade longtradesetup buy buysetup buyusdjpy
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trendanalysis chartpattern waveanalysis usdjpy usdjpylong signal longtrade longtradesetup buy buysetup buyusdjpy
USDJPY has been trading within a huge ABCDE corrective triangle on the weekly chart.

We have scoped down to the 4H chart to find a solid entry to a long position with extended profit targets.

Entries would be placed around current market price with a stop loss below the low around 109.000 - 109.110 & aim for targets of 110.000 & 118.000.

Updates will be posted as the trade plays out.
Trade closed: stop reached:
Price climbed +38 pips into profit before reversal occurred due to the NFP.

Stop Loss Hit -25 Pips
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