USDJY Long

Little push into that fib level with a nice move up to follow. The DXY is approaching a nice key area that has seen strong buyer volume, which should support a strong $. JPYX is trading bearish, looking like it has a fair bit to move too. Which would support JPY weakness.

Conservative with TP on this, but I am setting a limit order when the market opens.

Entry: 146.872
Stop: 145.897
Profit: 150.086