LONG ON USD/JPY

Price has given a perfect rejection of the 61.8 fib level and has made a higher high with a bullish engulfing candle.
Perfect Buying Opp as the DXY is also rising.

Here is the play I will be taking on this pair:

Entry = 136.566
Stop Loss = 135.495 107 pips
Take Profit = 138.859 229 pips

This is a swing trade.