This is a potential setup for bulls that wish to buy USD/JPY at long term support.
USD/JPY Weekly Pivot Setup
If this pair drops back below 100, then looking for a reversal pattern in the pivot profit zone for an upside move. Below this area is a death trap.
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About The Forex Analyst
Wayne McDonell has has been trading forex full time since 2004. He is the Chief Market Strategist for TradersWay.com He is the author of "Strategic and Tactical Forex Trading" and his foreign currency analysis appeared on Bloomberg TV, Wall Street Journal and many others. He is also the founder of FX BOOTCAMP.