I have decided to go long UsdJpy today

Pair seems to be holding above 101 now - and has retraced back from 103 area
I expect this level to be one of natural retracement,
and it should act as support for a move back up

I do not expect 100 to be broken to the downside - this is also something
the bank of Japan does not want to see happening, and although they should not intervene,
traders will be interested to buy the pair just above 100

I therefore feel there is a case for support above 100, and bullish move if buying gets stronger
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