USDJPY: Classic Structure Trade 🇺🇸🇯🇵

31 May 2021

USDJPY broke a strong key level on Friday.
Now we see its retest.

The price is steadily falling within a wedge pattern on hourly chart.

To catch a bullish movement from the underlined demand zone,
wait for a bullish breakout (1H candle close above) of a wedge's resistance.
It will be a perfect confirmation to buy.

First goal will be - 110.8

In case of a bearish violation of a yellow zone, the setup will be invalid.

1 Haz 2021

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Check my new analysis on WTI OIL, EURAUD, EURCHF, GBPCAD: