USDJPY: Long Opportunity, Repeating the Same Bullish Pattern?
Hello Fellow Global Forex Trader, Here's a Technical outlook for USDJPY!
Price Action Analysis
1. On the H4 Timeframe, USDJPY is moving above the bullish trendline and EMA200 after creating a rebound on the support area
2. USDJPY made a descending broadening wedge pattern two times
3. The recent breakout of the pattern could indicate a possible bullish bias ahead
The Momentum Indicator
Stochastic is made hidden bullish divergence pattern, hidden bullish divergence confirmed a potential upside movement to the target area.
All other explanations are presented on the chart.
The roadmap will be invalid after reaching the target/support area.
Support the channel by smashing the rocket button and sharing your opinions in the comment below!
"Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the USDJPY"
Price Action Analysis
1. On the H4 Timeframe, USDJPY is moving above the bullish trendline and EMA200 after creating a rebound on the support area
2. USDJPY made a descending broadening wedge pattern two times
3. The recent breakout of the pattern could indicate a possible bullish bias ahead
The Momentum Indicator
Stochastic is made hidden bullish divergence pattern, hidden bullish divergence confirmed a potential upside movement to the target area.
All other explanations are presented on the chart.
The roadmap will be invalid after reaching the target/support area.
Support the channel by smashing the rocket button and sharing your opinions in the comment below!
"Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the USDJPY"
Note
Double Top on JPYBASKET, Trigger for a bearish trend ahead :)Note
Target 2 136.687, sorry for the typo
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.