USDJPY: Resumption Of Upside

USDJPY appears to have completed a near textbook A-B-C consolidation.
Both trend and momentum are showing divergence which supports the analysis.

Entry at current price with SL at recent lows ($109.114) provides a great Risk-Reward ratio.
For a confirmation of uptrend resumption, you may like to wait for a strong break of the trend channel.

SL remains the same for both entries.

Comment:

Another good entry point to initiate new position or add on to existing position.

SL: $109.114 remains

Trade closed: target reached:

Consolidation appears complete.

Trade at your own time and target.

Happy Trading.