okoukonicharles

USDJPY Long Trade Setup

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
A #long trade opportunity recently presented itself on the #dollaryen (#USDJPY) #trading chart 📈.

This is indicated by the #bullish harami candlestick 🕯️ pattern just above the 148.183 horizontal support level.

This indicates a rejection of the same level, with potential price move in the upward ⬆️ 👆 direction (#buy).

Sufficient upward momentum should see price rallying towards the 151.500 psychological level and possibly testing the strength of the 152.117 horizontal resistance level.

As always, please apply appropriate risk management.

Happy trading!

#majorpair
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