Description :
Looking at the H4 chart, my overall bias for USDJPY is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. Looking for a pullback sell entry at 129.204, where the overlap resistance is. Stop loss will be at 131.115, where the recent high is. Take profit will be at 127.215, where the previous swing low is.
Trading Recommendation
Entry: 129.204
Reason for Entry: Overlap resistance
Take Profit: 127.215
Reason for Take Profit:
Previous swing low
Stop Loss: 131.115
Reason for Stop Loss:
Recent high
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