I am going long on USDJPY as illustrated in the attached chart for the following reasons:
- Fundamental: Long on USD and short on JPY.
Technical:
1- Up trend.
2. Retracement to an area of value ( 38.2 % ).
3. Entry trigger with double bottoms seen in 15 minutes chart.
- Fundamental: Long on USD and short on JPY.
Technical:
1- Up trend.
2. Retracement to an area of value ( 38.2 % ).
3. Entry trigger with double bottoms seen in 15 minutes chart.