Bullish Trend Reversal?Waiting to go long on the retest of the trend channel.
A falling wedge seems to have formed on the daily so this pair looks bullish in the bigger picture.
This is a simple short term trade setup.
Weeklysupport
USDJPY BULL VIBESConfluence:
1. Looking for price to rally back around the 114.00 level then continuing the uptrend.
2. Price hasnt retested its breakout yet on the higher timeframe (daily)
3. Key level is the weekly support 114.00
4. Head and shoulders on the 1HR chart indicating probable rally downward before
continuing uptrend.
5. Probable tps
