Long

USD JPY - PULL BACK INTO THE BUY ZONE

Updated

The DXY has pulled back as expected into a strong area of support, if that holds expect USD pairs to respond accordingly and despite the pull back, the USD v YEN has remained strong, we need patience to wait for the pull0back into the buy zone between 109.3 - 109.7, this is a nice 2 - 4 ratio return on a 0.5% risk, just what I like to watch for.

Note

We're now seeing a pin bar on the daily, considering a buy trade on price action into the 110 consolidation area of interest

Note

The DXY is already shooting off, so we have missed this one, no point getting an entry until we get a pull back into support

Note

We are approaching the buy zone

CBMotivation

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