As shared in our previous idea, USDJPY has broken through the weekly down trendline, it rallied even more than expected and we have taken our profits. This breakout momentum shows bullish pressure. However, because RSI has turned overbought in the lower timeframes, we can expect pullbacks and consolidation within these levels.
Hence, we should look for buying opportunities each time the price dips.
Please do not risk more than 1% per trade。
If you like the idea, please help like the post and comment down your thoughts below! I would love to hear your thoughts!
Hence, we should look for buying opportunities each time the price dips.
Please do not risk more than 1% per trade。
If you like the idea, please help like the post and comment down your thoughts below! I would love to hear your thoughts!
Trade active
USDJPY has fallen in place and bounced off of the support area that I have labeled. 
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Related publications
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.