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U.S. Dollar / Japanese Yen
Long

USD/JPY: Analysis

By lobfxempire
Updated
Price has bounced off a very strong support line, is currently in an uptrend, no signs of bearish movement as of what I see now. Price is currently testing the 50% line on the Fibonacci, I'm going to place a buy stop @106.325 and ride it to 107.000
Comment
Buy stop never activated, price is now testing the 50% line on the fibonacci battling on which direction it wants to go. Any thoughts leave them below!
FibonacciLONGlongusdjpySupport and ResistanceTrend LinesUSDUSDJPYusdjpyanalysisusdjpyideausdjpylong

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