Ryan_lopes

INVERTED CUP AND HANDLE IN USDJPY

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
Hello, my fellow traders, hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into the analysis.

As we can see, the price has made an Inverted cup and handle pattern so the possible move is downside. Once the price reaches its support level , it will take a pullback to make its handle and then go downside. One can wait for the price to break the support.

Let us know your views on this in the comment section. Thank you all.

There is good news for our followers. We will be analyzing on-demand. So, let us know which pair you want our analysis on and we will get it for you. Do like and follow us.

Ryan.R..Lopes

Comments

If the economy keeps pushing forward do you foresee the handle moving back toward the 109.0-109.5 range? Since there was an uptrend occurring before Covid
Reply
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