tylerpedley
Long

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

FX:USDJPY   U.S. Dollar / Japanese Yen
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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