fxmillions

USDJPY buy on pullback and then short

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
I have marked this idea as short because the major move expected is a sell. Well, until price reaches the upper trendline structure, its a buy. But I will be looking for pullbacks and corrections on lower timeframes for more entries.

For a detailed forecast of this D leg of the triangle refer to Contracting triangle in the making USDJPY

This is not a trade call, but only my opinion and forecast of the pair for medium/long term.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.