I dont normally trade USDJPY but i see a setup based on my strategy. The price was climbing to take out a previous high on the 4H and Daily TF. But on the hourly there is a clear BoS which suggests that there may be a pull back even though the HTF bias is still bullish.
+ve:
1. there is a BoS on the 1 hour chart
2. Equal low liquidity just below which will draw price to this zone
3. Big imbalance below the equal low liquidity
-ve:
1. Fed news today may push the market against my trade idea
+ve:
1. there is a BoS on the 1 hour chart
2. Equal low liquidity just below which will draw price to this zone
3. Big imbalance below the equal low liquidity
-ve:
1. Fed news today may push the market against my trade idea
Trade closed: stop reached
Loss: 1R 
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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.