USD/JPY LONG TERM HOLD! CUP & HANDLE FORMATION FINALLY BROKE OUT

Hello everyone,

In this tech analysis I see a long term cup and handle formation that has finally broke out.

We need to pullback to our new found support (highlighted in green) and I will size in for a long to 115.25 and beyond, looking for an easy 200 pip+ long term play.

What do you guys think?

Entry: 113.00
Stop: 111.75
TP1: 114.00
TP2: 115.25
TP3: 118.50

#USDJPY
#CupandHandle
#TechnicalAnalysis

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Kommentera:

TP1 hit, looking for retest of new found support before heading higher.

Kommentera:

After TP1 was hit we were unable to open a new trade in our designated buy zone, will be doing an update.