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USDJPY: Look for long entry from Buy zone | February 10, 2017



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Usdjpy has got back bullish momentum after yesterday bullish candle. We need to wait for little retrace on this pair and then look for buy entry. Buy zones are drawn on the chart. We can follow the levels to get entry. First buy zone lies on 113.05-113.20 area. If we find this pair pull back from that zone, then we need to open buy entry with 30 pips SL and 50-100 pips TP.
If we find this pair more down, then 112.50-60 level can be another buy zone. We can look for buy from that level also with 100-150 pips profit.


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