If you take a close look you can see that USDJPY just broke structure to the upward direction at 151.408 in the 1H time frame and it is currently forming internal higher high and higher lows which creates a TRENDLINE LIQUIDITY ($).
But at the moment we will be concentrating at the 30 minute bearish retracement time frame which broke structure at 151.256 and which is going to grab the trend line liquidity to trigger the bullish trend.
Situated at the top of that 30 minutes bearish replacement there is also a trend line liquidity confirmation above which will also be grab into a point of demand zone of about 0.886 Fibonacci retracement level.
Entry point 151.541, stop lost 151.653
and take profit 1 at 151.000 profit 2 at 151.597
But at the moment we will be concentrating at the 30 minute bearish retracement time frame which broke structure at 151.256 and which is going to grab the trend line liquidity to trigger the bullish trend.
Situated at the top of that 30 minutes bearish replacement there is also a trend line liquidity confirmation above which will also be grab into a point of demand zone of about 0.886 Fibonacci retracement level.
Entry point 151.541, stop lost 151.653
and take profit 1 at 151.000 profit 2 at 151.597