JLJ002500
Long

USDJPY, Potential Long Entry, with caution

FX:USDJPY   U.S. Dollar/Japanese Yen
50 0 4
1W
snapshot
4H
snapshot
1H:
snapshot

Short term price action bearish . Potential this week for a long entry set up. Long entry invalid with close below 105.54.

At support. Favorable R/R.

There is potential for higher vol             before & after Wednesday Fed & BOJ meetings. It also could be an uneventful week. "Risk off" trade and USD data has pushed lower. Potential vol             before meetings in anticipation and following Fed's forward guidance. There also could be little movement following meeting because the Fed says nothing of value and BOJ is passive.

I have no trade as of yet. I'm looking for a better entry point. We could get a double bottom .
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