USDJPY buy setup

Hi guys,

The pair USDJPY looks good for a buy setup. The pair is supporting on multiple major moving averages, as well as the key Fibonacci retracement key support level. This is obviously a great support level, and a great launchpad for high probability longs to the upside.

I am expecting a move at least to the resistance zone. However, it could easily move further if an impulse leg, and be a 3 wave impulsive leg.

Best regards,
Tom_Killick