I have decided to take a long USDJPY position as price broke above short term downward trend line and is currently supported at 124.22. I have also identified a pin bar signal for entry. In addition to that, i have identified higher higher and higher low price movement, signaling that price has momentum and direction in my favor. One thing to take note is US NFP data will be released today, market will be volatile, hence i will close off this position before the news release. I will take my exit at FE 168 level with take profit at 124.82
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