USDJPY Long if H1 closes above 111,05

(As USDJPY reached a new low before closing above 111,05, the previous idea was cancelled and this new idea is publiched.)

USDJPY seems to start of iii of 3. A close above previous 11,05 (swing high and also the 61,8% fibo rertacement level after the 78,6% level tested before) will support this idea.

Buy if H1 close above 111,05 with SL at the latest low since 08.03, and TP above 114.

Idea is cancelled if USDJPY is below 108,8 before vlosing above 111,05.

Comment:

Although USDJPY made a swing low below 108,8, the idea is NOT CANCELLED. The last swing low may be the end of second wave.

So still buy after a H1 close above 111,05 with SL at the latest low since 08.03 (now @ 108,7), and TP above 114.