Consolidation Structure Broken | Long on Pullback

Long

U.S. Dollar / Japanese Yen (FX:USDJPY)

FX:USDJPY U.S. Dollar / Japanese Yen

trendanalysis usdjpy usdjpylong pullback priceaction confluence breakout consolidation-breakout intraday

15min consolidating structure breakout - looking for a pullback to retest the broken descending TL in confluence to the 0.5 fib retracement, previous resistance which is now support, and the MA50 which is supporting the bullish momentum so far.

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.