I love this pair for its breakouts. Its one of the reasons I started trading breakouts altogether. Nice little day trade here for those of you who are looking at these patterns. Its a little early for my day trading session so I may miss the initial breakout if it occurs however, I can still look for the retest in the live room maybe.
I agree with your bullish view on USDJPY, our trading signal is also of the same bias. We have found roughly the same support level at 111.49 which is also a 23.6% fibonacci retracement.
Additionally our RSI also shows a bullish exit which backs up our bias.
Additionally our RSI also shows a bullish exit which backs up our bias.
Glad to see that we have the same bias for USDJPY