I have no idea how to safety trade USDJPY in this context. Looks like good Risk Management is a MUST here & NO PANICS, NO GREED, NO OVERCONFIDENCE. HAPPY NEW YEAR TO EVERYONE!
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Looks like a decision point now. Be careful.
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The square looks to be broken downside. So, good strategy could be selling of USD. However, it could be a false move. This mean that such type of trades are high risk ones, undoubtedly. Be careful. Good luck everyone.
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Good dynamics, no?
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Price has come backed to a square. While price stays inside of it short position could be dangerous. So better I stay away.