USDJPY finally broke the trendline, looking for a retest now before continuing down. TP1: 113; TP2: 112 - not that hard, just patience.
Comment:
For the more advanced traders, the break of the trendline followed a RSI divergence on H4 and daily. Double confirmation is a go.
Comment:
Support level of 113.55 has broken, as of now, pullbacks are pyramiding opportunities. Good luck trading.
Comment:
Now looking to confirm break of longer-term trendline (sadly not added here) which increases the possibilities of reaching 113 and reversing into a downtrend.
Trade closed: target reached:
First target reached. Closed 75% of my position due to multiple pin bars on the 113 level. We'll be seeing some upward movement now first.