RiosTrades

USD/JPY LONG OPPORTUNITY

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
After Fundamentals complimented the major downtrend the dollar/yen was continuing. We speculate price as it starts it's accumulating phase in the market (RSI signalling we are in a oversold market) prepping Long Opportunities after a break out of Price's Swap Level 107.800
A breakout after the consolidation period followed by multiple technical and fundamental confirmations will set us up for a very nice pullback entry.

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