TheSignalyst

USDJPY Potential Bullish Movement

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
USDJPY Potential Bullish Movement

we are waiting for a momentum candle close above 108.0 to buy this one

Reason:
1- Objective symmetrical triangle (in blue)
2- Objective Head and Shoulders pattern (in orange)
3- Support Zone from Daily 107.0 (from in purple)

Three confluences are enough to consider Buying USDJPY, after a break below 108.0 (in gray)

*unless price breaks aggressively below 107.00, then a bearish movement would be expected

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