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USDJPY 4h Long- Trendline Bounce + Pivot Point Support + Low RSI

Long
U.S. Dollar / Japanese Yen (FX:USDJPY)  
tyler-fx  
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Chart Patterns Technical Indicators trendlinebounce rsi_oversold pivotsupport 4h 4hour confluence timeframe
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trendanalysis chartpattern indicator trendlinebounce rsi_oversold pivotsupport 4h 4hour confluence timeframe
Looking at USDJPY on the 4h timeframe we can see a clear trendline bounce with 2 confirmation candles. Low RSI shows a clear oversold making the trendline hard to break. Adding to the support there is the pivot point just on the trendline. Targets towards the top trendline but being cautious of the MA zone that is on the P pivot point acting as resistance.
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