USDJPY: Top-Down Analysis & Trading Plan 🇺🇸🇯🇵
Updated
USDJPY is trading in a bullish trend on a daily.
Higher lows of the market are respecting a major rising trend line.
Now the price is very close to its retest.
To catch a swing move,
follow a falling wedge pattern on 4H.
Wait for its bullish breakout (4H candle close above its resistance).
Then buy aggressively or on a retest.
First goal will be 109.6 level.
In case of a bearish breakout of a daily trend line, setup will be invalid.
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