USDJPY in buyers controll

113
Based on the chart, price previously broke a major resistance area and now a pull back (or maybe a correction) has completed. We can clearly see that the power of sellers at this area decreased and today a good rejection is about to happening (which can be a good sign of buyers power at this area). So based on the mention scenarios, I prefer to be buyer at this area with a good risk reward ratio(1:3.5).
Note: As always please take risk management rules into consideration before opening any position on the market.
Good Luck!

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.