Looking at this trade setup on USD/JPY is setting up for a buy opportunity if price continues to show strong buying momentum, pushing the sellers out of the equation. You will notice 4 to 5 touches that price makes from price creating support to price breaking it then re-testing that same area which then becomes resistance. Price was in a phase of consolidation/indecision before creating a minor area of support which adds more confirmations to my confluence for a long opportunity. Watching 140.700 area. Updates on this setup will be posted throughout the trading week or for each upcoming trading sessions.
Trade closed: target reached