• Vasily Trader

USDJPY: Trading Plan For US Session (Trading Plan)

USDJPY is trading within an expanding wedge pattern.

Today the price formed a double bottom within that.

108.55 - 109.0 is a current narrow trading range.

Wait for its resistance breakout (4H candle close above)

and then buy on a retest.

First goal will be - 109.7

In case of a bearish breakout of a support of a range, setup will be invalid.