USDJPY: Possible rebound on the uptrend line

2021年7月15日

Hi, we can see on the chart a beautiful green candlestick that suggest a potential rebound of the pair. According to my strategy the opportunity is interesting with a managed risk.
A first target could be 110.50 at this point. Of course the stop loss must be placed below the last lower and below the line.

Hope this helps !