- This trade looks good and is trending towards the upside.
- We are seeing 1-hour bullish engulfing candlestick closure bouncing off both moving averages, indicating bullish power in the market.
- If the trade manages to break H1/H4 resistance, we can see a further move up. USD retail sales were positive, so the overall setup is looking bullish. 
Bullish PatternschartanalysisChart PatternsforexsignalsFundamental AnalysisjpyTrend AnalysisUSDUSDJPYusdjpylongsetup

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