USDJPY: Still inside correction, Breakout imminent
Updated
The pair is still inside a larger degree correction, the price is now forming what looks like a triangle, so expect a good move pretty soon, still I would favor downside for opportunity to go short when a breakout occurs, if it goes up only above 101 I would start to look for a buy setup.
IMPORTANT: The setups posted here are not trade calls or signals and are intended for guidance purpose only and you should use your own strategy to determine entries and exits. They reflect my general view of the market and does not mean you should take the trades without a proper trading plan or strategy, If you would like to get all my setups together with exact entries and exits with please visit thepiphunter.com and subscribe.
IMPORTANT: The setups posted here are not trade calls or signals and are intended for guidance purpose only and you should use your own strategy to determine entries and exits. They reflect my general view of the market and does not mean you should take the trades without a proper trading plan or strategy, If you would like to get all my setups together with exact entries and exits with please visit thepiphunter.com and subscribe.
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