USDJPY UPTRENDING(EVIDENT FROM HH's AND LL's.

USDJPY started Uptrending to date 25 Mar '18 after it was Downtrending. It is evident from the date mentioned that USDJPY has been making HH's and HL's. Price moved Up in an Upward channel pattern. Retested the Support 3 times, on the 3rd touch price proceeded to make HH's and HL's.

CONCLUSION:

A BUY signal is derived after price broke the trendline(consolidation) after a Downswing

ENTRIES & EXITS:

SL:113.419
BSP1:113.704
BSP2:113.707
TP:114.192

NOTE: Analysis from higher timeframes will follow below in the comment section

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