usdjpy

This my current analysis of this pair.

Feel free to comment on any aspect as I am a novice.

I round my pip price to indicate it is only an area for price to target.


The current bull trend is in a consolidation phase. The bull trend is broken at
around 92.20. Any chance of a bear trend is broken at around 94.40.

The sudden drop in price recently was less than the last two previous bull candles on the daily chart.

This is the daily chart




The coloured lines are a type of mav.

On the 4 hour chart I have added red and blue lines.
Blue for long trade entries and targets.
Red for short entries and targets.



This is the 5 min chart. I have added the current bull trading range.
We are still in the middle of the range.
Again the red and blue horizontal lines are points for entries and targets.



Summary

The best probability is a continuation of the bull trend.
An entry clear of 94.4 should gain many pips.
Wait for a clear direction which might take a couple of days.