Trading in a channel, the bias is neutral for this pair. But of course JPY is always susceptible to any risk on/off trade.
You can look to buy on a dip around the daily resistance area around 110.80 - 110.550.
Wait for price action confirmation signal on daily or 4 hourly candlestick.
As usual monitor news carefully on the Emerging Market situation, if it is getting worse that means everyone will flee to safe haven JPY so long jpy otherwise USD will keep moving up so long usd.
You can look to buy on a dip around the daily resistance area around 110.80 - 110.550.
Wait for price action confirmation signal on daily or 4 hourly candlestick.
As usual monitor news carefully on the Emerging Market situation, if it is getting worse that means everyone will flee to safe haven JPY so long jpy otherwise USD will keep moving up so long usd.
Comment:
200 Billion tariffs on China will likely go ahead on the 24th of Sept, so we might see a pullback to our buy zone, but be very careful if you're planning to go long against safe haven currency like JPY. Wait for price action confirmation signal before you enter the trade.