$USDJPY potential reaction zone 21 Feb 2013

Setup 21 Feb 2013

I am looking at the zone around 92.75 of USDJPY for some reactions. It is a retest of H1, H4 uptrend line and also the base of last spike. Let's see how it goes.

update 22 Feb 2013

It depends on the buffer you've set, or if you leave your order after the 1st rebound, you might have missed the entry by few pips. Annoying, it is. Anyway, here is the updated chart. Price reacted well at the demand zone. now heading to retest the back of inner trend line

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