Description :
Looking at the H4 chart, my overall bias for USDJPY is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Looking for a pullback buy entry at 130.602, where the overlap support and 23.6% Fibonacci line is. Stop loss will be at 128.082, where the recent swing low is. Take profit will be at 134.772, where the previous swing high is.
Trading Recommendation
Entry: 130.602
Reason for Entry: Overlap support and 23.6% Fibonacci line
Take Profit: 134.772
Reason for Take Profit:
Previous swing high
Stop Loss: 128.082
Reason for Stop Loss:
Recent swing low
