USDJPY Correction Setup

USDJPY Correction Setup

Nov 15, 2024

USDJPY is presenting a correction similar to other USD crosses, likely a shallow retracement around the 38.2% Fibonacci level. Focus on the trading zone between 155.250 and 154.340, looking for exhaustion signals within this range. A confirmed breakout above 155.250 will indicate the continuation of the uptrend. Patience is essential as we wait for price action to align with our criteria for entry, ensuring we only act on validated setups.

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