USDJPY is forming a 4 hour bullish initial pattern. If the 4-hour uptrend continues, the daily supply zone will be reached.
When a retracement occurs in the daily supply zone, the overall pattern may change depending on market action.
Please look carefully.
If the 4-hour uptrend pattern is broken, this analysis is invalid.
When a retracement occurs in the daily supply zone, the overall pattern may change depending on market action.
Please look carefully.
If the 4-hour uptrend pattern is broken, this analysis is invalid.
Trade closed: target reached
The analysis is no longer valid because it has been pushed out of the daily supply zone.If the dollar now rises through the weekly correction process, USDJPY is also highly likely to break above the daily supply zone.
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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.