USDJPY
is notorious for running up, but it looks like it is starting to get tired. I am looking for a break of the steeper trend line, for a pullback to the lower trend line. The two-trendy system as I learned it from rob booker is a simple break in one trend line and a pullback to the current trend, which for usdjpy seems to be up. So, short it on break of the trend line, close trades and buy for continuation of the trend.
Comment:
sideways movement usually spells doom for a pullback, and NFP is half an hour away. this is a dangerous trade so be careful if you enter.