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Pjorge89

Long on USDJPY

Long
U.S. Dollar / Japanese Yen (FX:USDJPY)  
Pjorge89  
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Beyond Technical Analysis USD jpy USDJPY LONG DXY yen Bullish Patterns TA
2
0
trendanalysis beyondta usd jpy usdjpy long dxy yen bullish ta
Higher lows are being made on USDJPY. DXY (dollar index) has been regaining strength after losing strength for several months now. I do believe temporarily DXY will reverse temporarily until certain key levels are broken to fully confirm the trend reversal. Key level(monthly support) 106.00 is holding strong and unless broken i do believe it will hold and we will hit at least ~108.5 resistance.

Risk/Reward:
1:~2.7



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