USDJPY: Our Trading Plan to Sell 🇺🇸🇯🇵

If you saw my previous post on USDJPY, then you know that an important decision is ahead.

The price is approaching a year's high. Depending on the reaction to that structure,
we will either see a strong bullish wave or a pullback.

To catch a pullback, follow a rising parallel channel on hourly.
Once the price touches the underlined potential reversal zone,
wait for its breakout (1H candle close below the support).

Then sell with your first goal - 110.550

Remember that in case if we close above the yellow structure on a daily,
bullish continuation will be expected.

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Check my new idea on GBPUSD: