USDJPY | Perspective for the new week | Follow-up

FX:USDJPY   U.S. Dollar / Japanese Yen
We experienced a 125pips move since my publication on this pair last week (see link below for reference purposes) and it appears that the correction of the Impulse leg is done as I anticipate another rally in the coming week.
Even has the Greenback fell during the trading session on Friday, but the structure evolving at the Demand zone reveals signs of life again hereby making it difficult for me to short this market!

Tendency: Uptrend ( Bullish )
Structure: Breakout | Supply & Demand | Trendline | Harmonic pattern (AB = CD)
Observation: i. In the last 9 days, the Bullish Trendline structure reveals the prevailing direction of price action.
ii. Trendlines applied to the highs and the lows of price action insinuate a well deserved Ascending channel which gives a positive bias for a bullish momentum in the coming week.
iii. The significant Breakout of Key level @ Y110.130 on the 16th of June 2021 expresses the strength and capacity of the Buyers at this juncture in the market as the level (Y110.130) which resisted price prior to the Breakout appears to become a new level of Demand @ 78.6% retracement .
iv. With this set-up, I am looking forward to an ABCD pattern transition with parameters explained below;
a. Impulse A-to-B is expected to be in harmony with the potential C-to-D leg.
b. The B- to-C leg is at 78.6% Fibonacci retracement of the A-to-B leg.
c. The C-to-D leg is expected to fall within 127.2 - 1.414% Fib. ext . of the A-to-B @ 111.200 area.
v. With the new Demand zone coinciding with the possibility of a Trend line continuation, It is advisable to stick to buying opportunity above Key level @ Y110.130... Trade consciously! :)
Trading plan: BUY confirmation with a minimum potential profit of 100 pips.
Risk/Reward: 1:5
Potential Duration: 2 to 5days

NB: This speculation might be considered to make individual decisions on the lower timeframe.

Watch this space for updates as price action is been monitored.

Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.