cogctrading

Just wait till it reaches 23.6/38.2%

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
As you see USDJPY has been broken the current resistance level of 134.477.
So from now on, I just gotta be prepaired to long whenever it reaches/pull backes fibonacci 23.6/38.2% level.

23.6% is right on the exact closed high price of Jan and Feb 02'
38.2% is just right above on the last week's closed rate at 134.363.

Set the stop loss at below 133.369 should be fine.

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