USD/JPY Long Entry
To start with, that's technical levels and fundamental data scenario which won't be valid if there's any kind of Russian intervention in west Ukraine as that should provide masive Jen Buying and USD/JPY free fall scenario.
Taking into consideration all the recent United States data we should aim for an uptrend resumtiopn on USD/JPY currency pair which has already started with breaking of previosu range highs at 102,8. The correction towards current price levels at 102,2-3 should be considered as good buy on dips chance. There's 50% Fibo level from the 101-103,1 upmove present close to that area and also previosu important ressistance at 102,2 which should now act as support.
Taking into consideration all the recent United States data we should aim for an uptrend resumtiopn on USD/JPY currency pair which has already started with breaking of previosu range highs at 102,8. The correction towards current price levels at 102,2-3 should be considered as good buy on dips chance. There's 50% Fibo level from the 101-103,1 upmove present close to that area and also previosu important ressistance at 102,2 which should now act as support.
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