cristianomagno33
Long

USDJPY Possible Rally?

FX:USDJPY   U.S. Dollar / Japanese Yen
USDJPY surrunding the 61.8% Fibbo, it should be find some resistance before any break. Also is playing just above the 200 day`s for the second day. Volume Buyers indicating in control.
AS Long as the uptrend is respected, we are buying in any bounce back in the trend line area or we are happy to wait until the break of the 61.8% fibbo abd go on with the wave.

Entry : at Break of Resiatance ( in this case Stops would be Placed tighther just bellow the 61.8% Fibbo (110.50) or looking to go long at boucing to trend line and stops at 109.745

Risk Reward Ratio : 1.78


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