This pair is still in a strong upside trend at least short term. There hasn't been any violation of the current trend. Even the lower High [B] did not make a valid Lower Low that might contribute to the downside momentum.
Lot of key economic actions today and we have to bear that in mind.
We are going Long the USDJPY above structure 109.39. Target is 109.99.
Anything can happen above the 110.00 number.
Stop Loss = 109.11
Trade active
Long Opened. 109.39Stop Loss: 109.11
Note
Above 109.50, I think we can safely accept that the structure is broken @ 109.39We are trailing this one due to the news events later.
Trade closed manually
Position closed. Reversal Total Profit: +40Pips
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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.