Price has been in a downtrend for some time as you all should know JPY pairs fell massively. Price has created a level at 120.385 but there's still a chance price might go back to test level at 120.050 (colored red). If that doesn't happen, i'll be looking top see price break up 120.787 and pullback for a retest or possible HL formation before looking to go long.
I see all JPY pairs moving up so watch them closely. Make sure you wait for price to violate structure.
I see all JPY pairs moving up so watch them closely. Make sure you wait for price to violate structure.