USDJPY: Classic Structure Trade 🇺🇸🇯🇵
Updated
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.
Note
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