Since March we have saw USDJPY climb from the price 115.000 all the way up to 130.000, and now the pairing seems to be comfortable in range to resume more normal market movement like before the unique bull run.
Eventually the pairing may push to 131.000+ but for now it seems we can expect normal longs and shorts.
USDJPY is bullish on the hourly.
Buy Entry: 127.600 - 127.700 Profit Ideas: 127.930 | 128.230 | 128.600 I have a resistance price of 129.000 and a support price of 127.000. If the pairing drops below support it will more than likely go into a sell and invalidate the trade signal.
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