FX:USDJPY   U.S. Dollar / Japanese Yen
The 130.628 lower low mitigated a significant area and completely provided an impulsive bullish market, price eventually printed a one directional bullish movement to make the initial liquidity sweep and made a long corrective move to mitigate the extreme breaker block. Price then drove upside and printed a shooting star that ultimately gave us an accumulation phase. This phase aggressively moved to the current price that happens to be within the order block, the market is already portraying reversal candlesticks, this could be a strong signal to go bearish in a corrective manner once again. However, the hunch is for price to tap into the apex high in order to give us a cleaner bearish movement. In this anticipated bearish move we have a couple of stop orders, but the ultimate tp is the strong demand zone at 131.703…

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.