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VladimirRibakov

USDJPY Forecast

Long
U.S. Dollar / Japanese Yen (OANDA:USDJPY)  
VladimirRibakov  
OANDA:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Trend Lines Multiple Time Frame Analysis USDJPY forecast buy Bullish Patterns support falsebreak Trend Line Break Bullish Divergence bullishtrendpattern
17
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trendanalysis trendline mtfa usdjpy forecast buy bullish support falsebreak trendlinebreak bullishdivergence bullishtrendpattern
H4 - Price respected the key support zone formed by the 106 psychological zone, alternative trend line, and the 61.8% (106.371) fibonacci expansion level of the first wave we have.

We also had a false break of the alternative trend line and the last low, bullish divergence.

The price has also broken above the downtrend line and has created higher highs.

H1 - Bullish trend pattern, currently it looks like a pullback is happening. Bullish hidden divergence.

Expecting further continuation higher after pullbacks.
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