Last week's trading recommendation was to work for a price increase in the USD / JPY pair .
The plan involved completing the wave pattern (ABC) on the daily chart, which formed amid positive news on Pfizer's COVID-19 vaccine.
The pair's bullish impulse waves were arranged like this:
In the plan, the initial risk was the monthly low. But now, due to the strong data on US PMI, it should decrease according to the scenario below:
Target profit will remain the same, that is, a quote of 105.6.
Price Action and Stop Hunting were used for this trading strategy.
Good luck!
