USDJPY is looking to break above 100.00 level and we might see it extending towards 101 level very soon. Currently traders will look to buy USDJPY around 99.00 level for initial target around 100.00 level. RSI is at 60 in daily chart and thus seemed to have more than enough space to allow USDJPY to break above 100.00 level.
Recommended Trade Levels
Trade 1: Buy USDJPY @ 99.00
Trade 2: Buy USDJPY @ 98.50
Stop: 98.00
Profit Target 1: 100.00
Profit Target 2: 100.50
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