Currently, JPY is oversold due to resent BOJ statement about keeping its low interest policy. Perhaps, we might see some retracement before more bullish move to the upside.
If price fails to create HH and creates LL on 4h timeframe, we will execute short trade, tp around support around 118.5.
If price fails to create HH and creates LL on 4h timeframe, we will execute short trade, tp around support around 118.5.