Wait for retracement and then go LONG
USDJPY has been consistent with the approach to have a bullish trend overall ever since the US elections. We expect the price to rise further, but for a better long position, wait for the price to retrace down to the 200EMA or the trend line on the lower side.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.