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U.S. Dollar / Japanese Yen
Long

USDJPY swing trade idea(1100 pips).

By martinmei
After falling for almost a month, dollar has gained some strength in recent weeks and the Japanese currency intervention is seemingly slowing down, as we have seen some huge bullish moves on other pairs. As seen on chart, the price has hit the weekly 0.618 fib level and the VWAP drawn from the start of the second quarter(March). For our TP levels we target 146.55; 149 and 152. Will update next week. As always, trade safely and expect the unexpected.

Fractals Trading Community,

Mei
Chart PatternsFundamental AnalysisTrend AnalysisUSDJPYusdjpyanalysisusdjpybuyusdjpydailyusdjpylongusdjpylongsetupusdjpysetupusdjpysignalusdjpyweekly
martinmei

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