Looking at pricing history for USDJPY, is in a consolidation range and seems to follow a similar pattern of alternate monthly highs followed by alternate lows between 108 and 114. Expect price reversal opening few days on the back end of increasing Korea tensions and small backlash from NFP last week. Look for retrace to 109.563 before taking a Long position to 114.000 TP 1= 111.000 TP2= 114.000 SL= 109.000
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.