Usdjpy is following the long upward bullish channel. This pair is looking for more high at this moment. We can see a bullish engulfing pattern on the h4 chart. This pair can go up more. So we can take buy entry on this pair from 114.15-25 zone. SL will be 113.75 level.
Another buy zone lies on 113.60 level. So we need to keep eye on this zone also to get buy setup. On that setup, we can look for 30 pips SL entry and 40-100 pips target.
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