Looking for longs on USDJPY going into NY session, DXY chart looks the same and is forming a Right Shoulder atm.
Will be watching this pair closely along with DXY between 11AM - 1PM GMT on the lower timeframes for an entry should this come through.
Psychological Line Hit and NY Session High limiting the upper movement.
Further to that Weekly Analysis suggesting downward trend to the following month.
Double session buy
+50 pips
Price sitting at the current London session high (as of writing)
can expect a 75% reversal retracement but reducing it to the nearest big round number.
