0309 4HPLAN USDJPY could test 108.1-108.7 before a new leg up

3 בספט׳ 2021

Hello traders,

On daily chart, USDJPY is moving uptrend channel after a strong impulse leg start from Jan, 2021.
Now the trend is still continue but making correction inside the slow blue channel.
The gold triangle is now waiting for a breakingthrough for a new leg. It could up to test Daily Resistance or down to test Daily support level, but I prefer the to test the support first.
So here is the plan:
A. waiting for a breakingthrough signal to sell to 108.1-108.7 to hun at least 100 pips.

B. waiting for a retest of the blue bottom band to buy to next Resistance zone.

NFP today in NY session.
Let wait for more clear signal after that.

GOOD LUCK!!!
LESS IS MORE!