USDJPY: Cup and Handle Pattern Presents Buying Opportunity.
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A well-defined cup and handle pattern has emerged on the 4-hour USDJPY chart, signaling a potential reversal and buying opportunity
Market Analysis The pair has been consolidating within a distinct range, forming a cup-shaped correction. A bullish handle has formed, indicated a potential upside breakout. The hawkish Fed outlook and rising US yields continue to support the USD.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.