If you saw my previous post on USDJPY, then you know that an important decision is ahead.
The price is approaching a year's high. Depending on the reaction to that structure,
we will either see a strong bullish wave or a pullback.
To catch a pullback, follow a rising parallel channel on hourly.
Once the price touches the underlined potential reversal zone,
wait for its breakout (1H candle close below the support).
Then sell with your first goal - 110.550
Remember that in case if we close above the yellow structure on a daily,
bullish continuation will be expected.
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Note
Check my new idea on GBPUSD: 
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✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
Related publications
Disclaimer
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.