USD/JPY Trade Idea

Hello and welcome to my Trade Idea of the currency pair USD/JPY.

Lets start with the Top Down Analysis.


Monthly: There's a huge bearish candle this month.


Weekly: The weekly timeframe is in a downtrend too. We see that the market has been reacting to a certain level over the last 4 weeks and is therefore withdraw again.


Daily: We see on the daily timeframe a consolidation and therefore possibilities for an entry are there.


H4: We draw on the h4 timeframe the strong resistance area and the counter trendline. We wait for a confirmed breakout.


Have a nice day.