USDJPY Bullish Trading Outlook

11. Jan. 2021

Hi traders:

Here on USDJPY higher time frame perspective, I do see a potential for price to enter a bullish impulsive phrase and pushing the price to the upside.

Price has been in this HTF flag/channel correction for quite sometimes now. And not much has happen after when price begin this descending channel correction.

From price action point of view, we know that consolidation price is always a good sign that price is correcting, and when correction finished we usually going to see the next impulse move to happen.

So, I would be patient here and wait for some LTF development. I want to see price form some continuation and eventually breakout of the descending channel, and look for further bullish price action to look for entry to the upside.

thank you

27. Jan. 2021

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4. Feb. 2021

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