The USD/JPY is in a downtrend continuing
At the last FOMC meeting, the final drop came, but the USD/JPY is still in a downtrend.
USD/JPY 1-hour chart

It is bouncing off the lower boundary of the trend line, but as long as it does not break above the upper boundary of the trend line, we cannot take long positions.
Domestic individual traders are likely increasing their long positions after the recent declines, aren't they?
You should hold positions after confirming a trend reversal to avoid creating unnecessary salt-faded (stuck) positions.
Blog here. If you want to know the essence of the market, please visit
For those who wish to win in FX trading ~ The Path to Becoming a Consistently Winning Trader ~
USD/JPY 1-hour chart
It is bouncing off the lower boundary of the trend line, but as long as it does not break above the upper boundary of the trend line, we cannot take long positions.
Domestic individual traders are likely increasing their long positions after the recent declines, aren't they?
You should hold positions after confirming a trend reversal to avoid creating unnecessary salt-faded (stuck) positions.
Blog here. If you want to know the essence of the market, please visit
For those who wish to win in FX trading ~ The Path to Becoming a Consistently Winning Trader ~
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