USDJPY > Possible Buy at Strong Structure Low!!

Analysis of #USDJPY

Hi traders, today we will have a look at #USDJPY


looking at the chart you can see the USDJPY is in a downtrend, of course still the market has not yet tested the structural support level near 126.00 usually, the market will test the low before starting to reverse, and right now I can see the market moving down to test 126.00 structured support level before it starts to move up

as you can see we have the market moving inside the downtrend channel and if the market test the lowest we will have a beautiful setup to get in a buy trade, but for sure not in this time frame, we must drop to the lower time frame and look for confirmation at the lows, we might get head and shoulders it will be my favorite to get in a buy if the rules for entry are met

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Thanks for your continued support!