usdjpy has lost bear momentum and cannot continue bearish impulses. i will buy the breakout of 4hr structure and shoot for targets of 38.2 and 61.8 daily chart retracements. look at lower tf for entry.
long usdjpy setup - failed impulse - correctional structure for bullish break - RSI divergence
entry: tbd sl: tbd tp1: 109.114 tp2: 115.508
i will keep the post updated for lower tf structure indicating a bullish breakout will happen.
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structure update right here. price is consolidating and not impulsing further down. we can expect this structure to break bullish. if it does we buy.
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nice rally
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sl in profit and pay close attention to price action..
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seems like its getting ready to go check your charts. uj boutta move pips!