The Potential Bottoming Phase For USDJPY

USDJPY

Yes, this pair was thrilling. But we see a possibility that this pair might be in its bottoming phase. Look at the last 3 candlesticks. They form a consolidation pattern. So here's our plan:

• The consolidated area is around 152 - 155.
  
• A long position can be done as long as this pair stands above 152.
  
• 155 as the first TP and then 157 as the next TP.