SufShiken
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USDJPY Short Term Counter Trend = Buying Opportunity

FX:USDJPY   美元 / 日圓
Hi Everyone

I am new to Forex as well as on TradingView Forum but today I want to share my view on the Daily, 4H and 1H TF charts for the community.

From the Daily and 4H charts of USDJPY , we may see that the Major Long term trend in USDJPY is Bearish . However, it has entered a short term correction phase,so we can exploit it with tight money management rules.

On the 1Hour chart, the price is trending within a channel and also it is above the Kumo Cloud. We can also see a Cloud Twist on 1H chart which is signaling a Bullish Future Cloud.
.
Currently, it is trading around 38.2% of Fib ratio and we can expect further upside upto next Fib ratio which is 5%.

1H Chart

https://www.tradingview.com/chart/TqTAOv...

4H Chart

https://www.tradingview.com/chart/TqTAOv...

Daily Chart

https://www.tradingview.com/chart/TqTAOv...

I would appreciate to listen your view and comments on the above analysis.
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