USD/JPY - D1/H4
Our expectations - Price in the long-term uptrend and after adjustment to the main support zone. Possibility for Long Long with SL: 111.676.
Commentary - Long-term upward trend, and price after corrective movement to a key area of support formed by basic diagonal, horizontal, dynamic support in the face of 50SMA and 23.6% Fibonacci correction of the main trend. 50 and 200SMA remain beached - the trend remains in place. From Price Action's point of view, I'm going to let down a chart down, namely the 4-hour.
There is a bullish pin bar in the support zone, which is the third successive test of the support zone - positive for the price. DeMarker turns from an over-sales area.
Positioning can be aggressive now or conservatively after correction to the short-term trend line.
SL: 111.676
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