I still maintain the USDJPY long as the price maintains the support and the momentum continues.. There is high probability that the price will continue to go higher in the coming days. Make sure to check the volume as it may indicate institutional buying as we get the cue from them. Check your level 2 and volume charts during this trade. There might be some price movement lower as the institutions flash the small traders as they buy within the week. Stop loss will be below the 200 EMA daily chart for more solid support.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.