USDJPY BULLISH BULLISH BULLISH!!!
My opinion is that UJ is overall bullish. Institutions are trapping sellers so that they have enough liquidity to continue uptrend. Currently imbalance on the lower timeframes have been mitigated by the composite man (aka banks/institutions). No breaks of structure yet on the 1h timeframe but there has been BOS on lower timeframes which we can consider as "false breakouts' to trick retail traders into thinking that UJ has switched to a sellers market. There is absolutely no reasons for price to come back down to 125.000 area at all anytime soon simply because banks have already filled previous imbalance and mitigated their positions. Long term we can see price slowly making it's way towards 144.000 - 147.000 area. Not financial advice, just my opinion. Thanks for viewing
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