USD/JPY Possible blue sky breakout
A ton upside available on a longer-term USD/JPY play, but is the time ripe for an entry? Personally, I'd wait for a pull back to the lower 111 range or wait for continuation above 111.6 in the form of a buy stop order. Ideally, the pair would pull back to the 110.3 range (support area) and assuming the area holds, can provide a nice high probability setup to the upside.
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