FX.co ★ Trading tips for USD/JPY

The bullish trend that began in mid-November has not ended. There is still a breakdown of 142.500, which is important for sellers. But as of today, USD/JPY is in a correction, and has falsely updated the low of yesterday's US session.

This suggests that traders should enter the market by taking long positions between 141.300 and 140.700. Exit the market on the breakdown of 142.500

This trading idea is based on the "Price Action" and "Stop Hunting" methods.

Good luck and have a nice day! Don't forget to control the risks.