Looking for UJ to bottom out to create a W formation then jump up to catch the supply around the 100 pips topside. However, this seems slightly outside the ADR so it might be shorter to the upside or not complete the 2nd touch at the bottom. If it makes it to the top supply zone, it could potentially induce buyers by breaking a trend line, creating more liquidity....
Looking to see if this actually plays out this way for shiggles.
Still learning how to chart and playing with indicators. Looking at a few different things with USDJPY