Following a long price decline in USD/JPY, quotes hit the monthly low, but did not consolidate lower. This is why sellers remain on top, specifically at the level of 142.500.
Traders could enter the market by buying in the area of the false breakdown of 137.6. There may be growth towards 142.5, as seen in the picture above.
This trading idea is based on the "Price Action" and "Stop Hunting" methods.
Good luck and have a nice day! Don't forget to control the risks.
