USDJPY - since breaking out of the longterm downtrend on higher timeframes, is now forming new bullish trend higher highs and higher lows. On the daily timeframe market as recently formed a nice bullish impulse which has been followed by a correction forming again another new higher low, now we are expecting the continuation and market to go and complete this bullish I.C.I stategy and form a new higher high. We are waiting on lower timeframes for all our rules to be met before looking for an entry to long.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.