FX.co ★ Trading idea for USD/JPY

The previous strategy for USD / JPY was to raise the quote in the market by working on a 50% pullback within the ABC pattern.

However, the pivot was broken yesterday during the US trading session, which means that the long scenario should be canceled in order to avoid further losses in trading.

The loss amounted to 25 pips, from a potential profit of 95.

Don't give up though, as there are many more opportunities for gaining back profit.