Description :
Looking at the H4 chart, my overall bias for USDJPY is bullish as the current price is acrossing the Ichimoku Cloud. Looking for a pullback buy entry at 132.131 where the overlap support is. We are looking to take profit at 139.836 where the 38.2% Fibonacci line is, Stop loss will be placed at 126.363, where the recent swing low is.
Trading Recommendation
Entry: 132.131
Reason for Entry:Overlap support
Take Profit: 139.836
Reason for Take Profit:
38.2% Fibonacci line
Stop Loss: 126.363
Reason for Stop Loss:
the recent swing low
