Is USDJPY pullback worth buying?

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Looks like the Yens are set to drop. EURJPY is strongly going up, GBPJPY is going up, Showing that Yens are weak.

On the USD/JPY, we are seeing some movement upwards.

Meanwhile, The Dollar's weakness is halting a bit.

On the daily chart, we see the price has hit the upper line of the wedge/channel formation but the pullback on h4 still looks ripe for longs.

I am going long here.




Trade attivo
Now we can move Stop Loss to BE
Trade chiuso: obiettivo raggiunto
Partial Profits taken Target 1 reached
FlagitradeaimsTrend LinesUSDJPYWedge

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