ElemontFX

USDJPY Potential Setups

FX:USDJPY   U.S. Dollar/Japanese Yen
USDJPY             is in an interesting position with no clear future direction.
We have identified two patterns: A bearish flag pattern on the daily, and a pennant on the 4hr.
Considering the pennant is within the current flag pattern , we place more emphasis on the flag pattern .

We expect USDJPY             to either break above the current pennant , run to 3, and then drop OR break the flag pattern , where it will either bounce back up from the pennant (and shift the flag pattern slightly lower) or break the pennant lower and head towards the next support level .

We await these breakouts to determine direction.
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out