USDJPY: Trading Plan For US Session 🇺🇸🇯🇵

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.

تعليق:

Check my new analysis on AUDCAD: