This week, I'm maintaining my bullish sentiment on USDJPY, and here's my trade plan:
1. Support Retest at 148.53: I'm looking for a buying opportunity if the market retests the support level at 148.53. This level has shown previous support and could act as a launching pad for further upward movement.
2. Bullish Trendline Retest: Alternatively, I'll keep an eye on the bullish trendline. If the market retraces and retests this trendline, I'll consider it as another potential buying opportunity.
By patiently waiting for these retest levels, I aim to enter long positions on USDJPY and ride the potential bullish momentum.
What are your thoughts on USDJPY this week? Feel free to share your trade plans and insights below!