USDJPY could be completing a bullish butterfly harmonic pattern and we can hence to complete the pattern initiate shorts and longs in relevant places while waiting for the harmonic pattern to finish out which is also in confluence with the base of the trend channel and a long can be initiated from there also.
but be careful before taking countertrend trades and make sure you keep tight stop losses around the previous swing highs or lows.
but be careful before taking countertrend trades and make sure you keep tight stop losses around the previous swing highs or lows.