USDJPY has shown an impulsive uptrend from 110.900 to 115.500 over 2 months. My assumption is this will need a steep pullback in order to continue long.
Note
2 possible trades , 1 long to next support then short or break below current support and retests the resistanceTrade active
Option 1 seems to be working out, currently some rejection, fingers crossed
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Disclaimer
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.