USD/JPY has recently broken the Daily Bull Flag to the upside & made a nice rally. Then it made a large bearish correction (According to 4 Hr time-frame) and now it seems it’s ready to make another bullish bounce.
Moreover, the 1 Hr chart is also supporting the validity of the bullish bounce. The pair created a “Bull Flag” on the 1 Hr Chart and it seems it has completed 50% Fibo-Retracement of the latest swing. I’m waiting for the price to break the Flag Resistance to the upside & re-test it. Then I’ll push the buy button targeting 115.48, which is a Confluence of resistance including 1.618 Fibo Expansion of the latest swing.