JamesEvison
Short

USD/JPY - Re-test of 114 within bear flag = Breakdown imminent?

FX:USDJPY   U.S. Dollar / Japanese Yen
- USD/JPY is still confined within what looks to be a bearish flag continuation pattern
- After retesting the 114 Physiological level last week, the pair pulled back from here to move lower
after the Fed's Powell speech which was interpreted as dovish
- This retest of the 114 level previously as well as the fact price was unable to make a break above this level
to me personally points to a breakdown of the bear flag pattern fairly soon

THIS IS NOT TRADE ADVICE NOR A TRADE CALL

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out