lobfxempire

USD/JPY: Analysis

Long
lobfxempire Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
Price has bounced off a very strong support line, is currently in an uptrend, no signs of bearish movement as of what I see now. Price is currently testing the 50% line on the Fibonacci, I'm going to place a buy stop @106.325 and ride it to 107.000
Comment:
Buy stop never activated, price is now testing the 50% line on the fibonacci battling on which direction it wants to go. Any thoughts leave them below!
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