FX:USDJPY   U.S. Dollar / Japanese Yen
Good evening guys, On the daily time frame we broke and retested the trend line but price action failed to continue to the downside. We are also just off a physiological level at 111.000 which has acted as multiple support, also we are about to reach the 50EMA. On the 4 hour time frame we are creating a double bottom leading to W formation. With the 20 and 50 EMA at the bottom of that i believe it creates a perfect opportunity to go long on this position.


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