FX.co ★ Tips for trading USD/JPY

After a one-and-a-half-day pullback, USD/JPY traded near the breakout area, from which the bullish trend may continue.

Taking into account the three-wave pattern (ABC), where wave A represents the upward movement seen last Monday, market players could buy the pair from the breakout area, with stop-loss set at 145 and take-profit at the breakout of 146.6.

The trading idea came from the framework of the "Price Action" and "Stop Hunting" strategies.

Good luck in trading and don't forget to control the risks! Have a nice day.