Potential Upside For USDJPY

USDJPY

In 4H charts, this pair looks promising, by the way it testing the new support after forming the double bottom pattern.

Here's our strategy for this pair:

• We'd like to recommend buy as long as this pair stays above 149.3.
  
• 150 as TP, and 148.7 as SL.
  

What about the BOJ intervention? Well, we don't see any sign of intervention by the time we published this idea. So when the intervention starts, then we'll just have to prepare a new strategy in the future.