BUY USDJPY
For a better understanding of the chart analysis, read from left to right on each chart. While USDJPY appears to be on a downward trend, it experienced a bull run up to 137.00 before retracing back to the weekly level (marked by the blue area on the daily chart).
On the 4-hour chart, there's a large inverse head and shoulders pattern, and the price breaks short-term highs (indicated by the blue ellipse). As long as the price stays above 132.000 with strong bullish confirmation, we can expect a buy-back towards the highs or even a new high.
The final chart examines session highs/lows (London, Asia, and New York). You could potentially sell from the London high down to the previous London high at 131.644, then consider buying from that point as a last-case scenario for buys.
On the 4-hour chart, there's a large inverse head and shoulders pattern, and the price breaks short-term highs (indicated by the blue ellipse). As long as the price stays above 132.000 with strong bullish confirmation, we can expect a buy-back towards the highs or even a new high.
The final chart examines session highs/lows (London, Asia, and New York). You could potentially sell from the London high down to the previous London high at 131.644, then consider buying from that point as a last-case scenario for buys.
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