montanniv

USDJPY Play the breakout

Long
OANDA:USDJPY   U.S. Dollar / Japanese Yen
A triple resistance area is found in the 110 region (1st Fibo retr. of last fall, 21-day EMA, top of current falling channel). A breakout should trigger a recovery toward 112.25-50, eventually 114.50-60, top of what could be an always-tricky-to-play expanding triangle. I will buy on stop/entry at 110.20, stop/loss 109.70, take-profit 112.10.
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