Trading the USD extremes
USDJPY
EURUSD
GBPUSD
USDJPY
Weekly
Long tail just tested a weekly DZ around 104.69 next leg down would be 101.23. Currently moving sideways 3 out of the last 5 weeks are bullish. No clear direction.
Daily
The daily trend is up, however price broke the lower channel bar and is attempting to climb back into the range. I'm tempted to play the bounce off the lower bar to the down side but do not yet see a clarifying pattern.
8H
The 8H really shows the struggle around the lower channel line this could be a long consolidation/ continuation of the recent strong down move from 02 Jan 2019. Either way the larger range bound market is from 114.255 - 104.736
4H
Setups:
Two possible sz at 111.45 and 111.58
Respecting the lower trend band which will move by the time the trigger is pulled but for now around 110.85
20 pips may be a tight stop looking at 3-4:1 RR