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 132.770, where the overlap support and 38.2% Fibonacci line is. Take profit will be at 134.772, where the previous swing high is. Stop loss will be at 131.525, where the previous overlap support is.
Trading Recommendation
Entry: 132.770
Reason for Entry: overlap support and 38.2% Fibonacci line
Take Profit: 134.772
Reason for Take Profit:
Previous swing high
Stop Loss: 131.525
Reason for Stop Loss:
previous overlap support
