USDJPY Reatracement Break

Hi guys, here is my analysis about USDJPY .

Looking at he chart we can see that the long term trend is bearish while the medium term is bullish.
In the medium term trend it looks that the price is ready to broke the retracement trendline.

Take profits for this setup are two:

• Resistance at the begin of the bullish flag at 109.480;
  
• Touch of the long term trend's trendline.
  

For any question or suggestion, comment below.
Thanks for reading.

Transakcja zamknięta: osiągnięto wyznaczony cel:

TP1 reached!