How about USD/JPY?
Read the article on FBS website
Trade idea
BUY 109.20; TP 110.20; SL 108.95
USD/JPY made a sizeable move up last week. It retraced more than 50% of the December-January decline.
The new week started with a small gap down. The pair’s currently below last week’s high at 109.90. The bullish picture will likely prevail, although USD/JPY will probably be bought at lower levels. The buying area can be around 109.20 (50% Fibo). The next level to watch on the upside is 110.30 (61.8% Fibo, 50-week MA).
