Hello traders here is this week analysis of USDJPY, as you can see the market broke the resistance zone last week and now it is gouing up but just to be safe I will wait for the market to retest the resistance zone then I will look for long opportunities on the market.
I like how the buy zone is based on multiple rejections before the breakout occurred, with the price now hovering above the moving average. An ascending trendline with at least three touches is a good sign of bullish momentum coming to the market. Buying on the pullback is interesting, though. Let's see what happens