USDJPY - Bullish trend-continuation?

PAIR IN FOCUS: USDJPY
ACTION: LONG
HORIZON: SHORT TO MEDIUM-TERM

After having failed to head down from the critical zone and instead broken upwards, we can look to execute a simple trend-continuation strategy. Look for a price retracement into the CZ and bullish price action for LONG opportunities. If the price melts back down into CZ, then the previous downside targets are in play. Stop Loss only valid when price retraces and bounces off the CZ.

The TP levels and Stop Loss are indicated on the chart. Remember to manage your risk!

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