Yesterday, I had a plan to sell USD/JPY because of the break down descending triangle.

Unfortunately, it did not work out well with a stoploss at 111.10.

Today, according to my system with 85% wining, there is a buy signal.

With the technical analysis, we can see that the price is above the trend line 1, which is a strong resistance for last few weeks.

For that reason, there is high chance, USDJPY will be trading in the range 112.00 to 110.00

With my system and technical analysis, I decide to BUY right now with first target at 111.95.

If it reaches that level, I will consider close half of my positions while let other half runs for profit at 112.95.

Tom Forex Analysis

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