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theforexarmy

USDJPY profit target reached perfectly again, time to buy

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USA-dollar/Japansk yen (FX:USDJPY)  
theforexarmy  
FX:USDJPY   USA-dollar/Japansk yen
usdjpyfib usdjpywavecount usdjpyforecast usdjpyprediction usdjpyoutlook usdjpysignal usdjpytrade usdjpyweekly USDJPY usdjpyshort usdjpyidea usdjpydaily usdjpynews usdjpylong
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usdjpyfib usdjpywavecount usdjpyforecast usdjpyprediction usdjpyoutlook usdjpysignal usdjpytrade usdjpyweekly usdjpy usdjpyshort usdjpyidea usdjpydaily usdjpynews usdjpylong
Buy above 112.58. Stop loss at 112.21. Take profit at 113.75.
Reason for the trading strategy (technically):
Price has dropped perfectly and reached our profit target from yesterday. We turn bullish above 112.58 support (Fibonacci retracement, Fibonacci projection, horizontal overlap support) for a push up to 113.75 resistance (Fibonacci retracement, horizontal overlap resistance).
RSI (34) is seeing strong support which is signalling to a price bounce.
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