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theforexarmy

USDJPY approaching support once again, remain bullish

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Dólar Americano/Iene Japonês (FX:USDJPY)  
theforexarmy  
FX:USDJPY   Dólar Americano/Iene Japonês
USDJPY usdjpyshort usdjpyidea usdjpydaily usdjpynews usdjpylong USD jpy usdjpyanalysis usdjpy1hr usdjpylongsetup usdjpysell
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usdjpy usdjpyshort usdjpyidea usdjpydaily usdjpynews usdjpylong usd jpy usdjpyanalysis usdjpy1hr usdjpylongsetup usdjpysell
Buy above 111.35. Stop loss at 110.10. Take profit at 113.15.
Reason for the trading strategy (technically):
We remain bullish above 111.35 support (major Fibonacci retracement, horizontal overlap support, Fibonacci projection) for a push up to at least 113.15 resistance (Fibonacci retracement, swing high resistance).
Stochastic (21,5,3) is seeing strong support above the 8% level.

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theforexarmy
USDJPY bouncing nicely, remain bullish
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