If you saw my previous post on USDJPY, then you know that an important decision is ahead.
The price is approaching a year's high. Depending on the reaction to that structure, we will either see a strong bullish wave or a pullback.
To catch a pullback, follow a rising parallel channel on hourly. Once the price touches the underlined potential reversal zone, wait for its breakout (1H candle close below the support).
Then sell with your first goal - 110.550
Remember that in case if we close above the yellow structure on a daily, bullish continuation will be expected.
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thanks for idea!