Looks like USDJPY correction is not over yet on a hourly chart and the prices are oscillating between 120 to 121.5. Expecting price to fall towards the 119 price range before they take off to 122 price range.
Most important thing to do now is to "Wait" to see that move up happen and give us chance to trade. Hope for the best..
USDJPY is still continuing a corrective tight range - probably a flat.. We ll see how it turns out if it hits 121.5 price range. It may give us the good selling opportunity.. My bias is still short for this pair...
If it bounces of the trendline and makes a proper high, then my bias shifts to Long.
I don't see it still. I am expecting it to go lower for now. Test at trendline.
On a higher time frame, the downtrend is expected it to come. Waiting for the test at trendline and see if it makes a new high. I dont expect that to happen. Will wait for proper entry. Trade with care.