Scenario #1 (if Bullish USDJPY)
If the long term support zone since Sept 2013 holds, then USDJPY is trading within a 200pips sideways range between 100.60-80 to 102.80-103.00.
A good risk/reward trade would be to long USDJPY around 100.60-80. With target profit at resistance zone 102.80
Long USDJPY 100.60-80
SL 100.00
TP 102.80
=====
www.ForexPositive.com
Twitter @ForexPositive
=====
If the long term support zone since Sept 2013 holds, then USDJPY is trading within a 200pips sideways range between 100.60-80 to 102.80-103.00.
A good risk/reward trade would be to long USDJPY around 100.60-80. With target profit at resistance zone 102.80
Long USDJPY 100.60-80
SL 100.00
TP 102.80
=====
www.ForexPositive.com
Twitter @ForexPositive
=====
