traderpulse

USD/JPY Technical analysis

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
The USD/JPY pair is currently forming an Elliot wave in the 1-hour chart.

It has in the last leg of its 3rd wave and its still a good time for trader to make some decent profits.

Also the pair is currently making a breakout from the flag pattern. So we expect the pair to continue its bull run for now.


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.