USDJPY 4HR PROJECTION
Usdjpy has been showing enough bullish structure from daily down to 4hr chart.. Price has formed a clean ascending channel with a bounce at both the resistance and support of the channel. I'm looking at TWO possible entries as we can see from the chart, Entry 1 is at the 61.8% retracement at the 108.995 support, while the Entry 2 is at the 78.6% fibs retracement level on the yellow Trendline that had been holding since April. I'll be watching for pullbacks to either of these levels and observe how price respect those levels before going long...
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