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TB305

LONG ON USD/JPY

Long
U.S. Dollar / Japanese Yen (FOREXCOM:USDJPY)  
TB305  
FOREXCOM:USDJPY   U.S. Dollar / Japanese Yen
Head and Shoulders Support and Resistance Supply and Demand USDJPY usdjpylong dollar yen buying LONG
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headandshoulders supportandresistance supplyanddemand usdjpy usdjpylong dollar yen buying long
Price is starting to rise from a major resistance area with a bit of a inverse head and shoulders pattern.
The dxy is starting to rise on the charts as well.
Bulls have shown up to the party and there is plenty of room for price to rise.

Here is the play I will be taking on this pair:

Entry: 139.657
Stop Loss: 138.357
Take Profit: 141.478
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