USD/JPY – On H4 chart there is an uptrend. Recently there has been a slight correction and price went back to previous highs. In this area, demand occurred twice creating pinbars. Such price behavior may indicate continuation of trend and rebound upward from support. We can consider long position.
Check http://comparic.com with our daily technical analysis, macro commentaries and real trading strategies! The group of experienced market participants is working for retail traders. You may also like http://comparic.pl