USDJPY Long position setup

17 de ago. de 2020

Price on the W1 chart shows a retracement from an established uptrend. we can see that price just hit a key support zone and lower trend line on the H4 time frame so we are expecting a pullback to the upper trend line. also on the M15, price is consolidating at that same key zone and a possible breakout of the consolidation area will confirm the expected bullish impulsive movement