Piphunter1887

USDJPY - 4hr - Long Swing?

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
Good morning, afternoon / evening traders!

Today we have an interesting situation with the USDJPY.

I am long here! Why see below:

1) Overall uptrend on daily
2) If you look at the black circles these show where price has respected the 100EMA on 4hr timeframe.

What would be the key levels for me:

Entry: 13760.5 - 137.247
Exit Target: 138.589
Stop 136.681

Happy hunting. Get those scopes out!

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