USDJPY needs a rest from all that downward climb
Weekly: shows the price just formed a new red candle below the 633EMA and may be having a pullback soon.
Daily: shows the price on support. This is strong support if we look to weekly chart we can clearly see that.
Wait for the signal to enter Long on this one.
Set first TP at the 36 EMA of the daily
2nd TP at the 633 EMA of the daily.
Set SL below the daily low.
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.