Looking at the H1 chart we see that the price is in wave 4
- Wave 4 target at price range 156.55
- Then the price continues wave 5 with wave targets at 157.4 and 157.83
We watch to buy at 156.55 after the candlestick reversal signal appears
Note: Sufficient TP, SL to be safe and win the market‼ ️Change data plan will be updated later.
Deekop's analysis is only a...
The daily is turning down against the March highs at 111.68. The 4 hour is turning up against 104.15. While above 105.16 where the hourly is turning up the pair can see strength higher toward 107.50 to correct the cycle lower from the March highs.
Long USDJPY
@106.10-105.90
TP: 107.00
SL: 105.68
Good luck !