There is a lovely long term play coming on USD/JPY.
We have been channeling nicely to the last major hook point which coincides with the third touch of the channel. Given the size of the range, you'll have to be careful looking for a risk entry here as you run the risk of getting tagged in and out.
Nonetheless, considering where the DXY and JP225 are positioned (with the small remainder strength on the DXY), this might be a very impulsive move and is definitely not one you want to miss.
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Related publications
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.