CobraVanguard

USD/JPY can ascend further

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
USD/JPY is trying to create a cup and handle pattern. the pattern hasn't completely formed but when it happens,the price shall increase as much as the measured price movement (the length between top and bottom of the cup) there is also a resistance there as well which makes this movement logical.

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