My initial bias was to short USD/JPY; however, the pair has since formed a double bottom pattern, indicating a potential bullish reversal. It has broken through a key resistance level at 144.300. I am now waiting for confirmation of a successful retest of this level before considering a long position.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.