U.S. Dollar / Japanese YenUpdated USDJPY range bound
USDJPY is the only pending order I have at the London Open today.
The consolidation is growing and the energy will be building for a breakout soon enough.
The Daily trend has been lower of late and the higher time frame has a Bear Flag pattern that is growing the longer the consolidation occurs, with a target for TP1 @ 135.86
Currency pairs have been reversing their daily momentum this week, so I am leaving the USDJPY to buy on too. Just in case this is not a consolidation before a breakdown but an accumulation phase.
The consolidation is growing and the energy will be building for a breakout soon enough.
The Daily trend has been lower of late and the higher time frame has a Bear Flag pattern that is growing the longer the consolidation occurs, with a target for TP1 @ 135.86
Currency pairs have been reversing their daily momentum this week, so I am leaving the USDJPY to buy on too. Just in case this is not a consolidation before a breakdown but an accumulation phase.
Trade closed manually
closed at BE
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Related publications
Disclaimer
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.