USDJPY 4HR Potential Setup - 28/03/2021

Potential Setup as per the below

Bias – Bullish

Price has finally broken out of the range and pushed up with bullish momentum

Option 1 - Wait for price to retrace back to 50% of the current expansion move before considering a buy.

Option 2 - Wait for price to retrace back to Golden Zone (71 – 78.6 Fib Level) of the current expansion move before considering a buy.

Both the above have added confluence as there are OBs in and around both these regions.