USDJPY H4 long setup
Dollar Yen is still trending to the upside and seems to be supported by a rising trendline so far (marked green)
Beleiving the trend is not yet exhausted completly I think a long setup is worth as drawn on the chart. Stoploss is set exactly at 30.June low. Target here is the near term resistance line around 123.90 - 124.10.
From the other side it starts being obvious that a bearish triangle pattern started forming within the abovementioned resistance line and the medium term support line. This is suggesting that /Yen starts reaching a medium term top and a bigger decline from around 124.00/20 can be expected later on.
Beleiving the trend is not yet exhausted completly I think a long setup is worth as drawn on the chart. Stoploss is set exactly at 30.June low. Target here is the near term resistance line around 123.90 - 124.10.
From the other side it starts being obvious that a bearish triangle pattern started forming within the abovementioned resistance line and the medium term support line. This is suggesting that /Yen starts reaching a medium term top and a bigger decline from around 124.00/20 can be expected later on.
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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.