Long on USDJPY Pair

2020-01-07 04:55:04

The tension between U.S.A and Iran seemed to not trouble the dollar against the JPY as it finds support at the bottom of the channel and breaks the 0.618 Fibonacci resistance line. After that breakthrough, we can enter LONG on that trade, keeping an eye about the resistance line at 108.26, and if it breaks through it - we can positively say it will get to 109.72.
Good Luck!