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USDJPY STRUCTURE LONG |2.4/1 RISK REWARD

Long
U.S. Dollar / Japanese Yen (FX:USDJPY)  
ProSignalsFx  
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Chart Patterns Technical Indicators forexsignals USDJPY USD yen LONG usdjpylong breakout trading
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trendanalysis chartpattern indicator forexsignals usdjpy usd yen long usdjpylong breakout trading
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The pair was moving in an upward channel has broken out of the horizontal resistance line(turned support) and is now retesting it from above.

Therefore>>long. The bullish bias is further amplified by the existence of the unbroken diagonal support line of the upward channel the pair was moving in before the breakout.

SL is below the green support area, and below the diagonal support line.

T1=1:1 risk reward+the breakout high candle closure.

T2=meaningful daily level. 2.4/1 risk reward.

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