USDJPY: Trading Plan For US Session 🇺🇸🇯🇵

Long

U.S. Dollar / Japanese Yen (OANDA:USDJPY)

Updated

OANDA:USDJPY U.S. Dollar / Japanese Yen

Trend Analysis Chart Patterns Wave Analysis USDJPY trading Technical Analysis

trendanalysis chartpattern waveanalysis usdjpy trading technicalanalysis

snapshot

USDJPY is trading within an expanding wedge pattern.

Today the price formed a double bottom within that.

108.55 - 109.0 is a current narrow trading range.
Wait for its resistance breakout (4H candle close above)
and then buy on a retest.

First goal will be - 109.7

In case of a bearish breakout of a support of a range, setup will be invalid.

Comment:

Check my new analysis on AUDCAD:

AUDCAD: Important Breakout & Wave Up 🇦🇺🇨🇦

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