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Looking at the 4H chart, I couldn’t really see any clarity in the situation of USDJPY, don’t know whether to Long or Short.

However, go to the 15M chart, then, all of a sudden clarity comes into the picture.  The spot rate cut above the 50MA at 112.87.

I was out for lunch so couldn’t really do anything, however, I decided to put in a Long, Stop If Bid at 112.90 with SL at 112.70.

As it turned out, my trade was triggered and I am now Long USDJPY at 112.90.  Current spot is at 113.28.  Let’s follow the spot position and see what happens.

Cheers to all.

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