Observing USDJPY on the MN timeframe, you can see that this pair has continued to bullish from October 2021 to October 2022 with a successful breakout of the 50.0 level towards the 100.0 Fibo level before finally bouncing back in November 2022 and continuing to bearish towards the 50.0 Fibo. Referring to the stochastic indicator where this pair is heading to saturation due to being oversold, go-long positions can be a possible choice if a trend reversal occurs. However, we still have to be wary of the volatility of the market.
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