mrmyers3133

USDJPY Long Idea

Long
mrmyers3133 Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
Price hit resistance level and retraced almost to 1st support zone, may go down to 0.5 then retrace if so look for the "Long" and enter around 109.956. Price may retrace 1 more time at the resistance level and come back down to 109.946 and if so, then you enter "Long". Look to hold position for the rest of the day unless a retracement is seen look to exit and re-enter on a "Short" until you see the retracement to enter "Long"
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The price broke the resistance levels like i thought, this is going in a major uptrend until it hits the channel and might even go farther than that
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