Looking to catch the draw down before a bullish continuation on USD/JPY. Invalidation is a LL close below the cloud (around 109.3) so we will try and enter as close to this point as possible to maximise our R. Currently we are testing the 109.9 support so if you feel the FOMO a small % of a entry could be around the current pa.
Target is a return to the support flipped resistance.
Target is a return to the support flipped resistance.
Comment:
Stoch RSI is also underbought giving us a buy signal when we get a cross below 25.00.