swissmoneymakers

USDJPY - Bullish Flag Pattern Completed

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
Hi Traders!

The main idea of this chart is that the market just completed the bullish flag pattern.
After it the consolidation, it is going to fall towards the next Support.

Here are the indications which support our view:
  • Bullish Flag Pattern (lower TL not exact --> would you still call it a BFP?)
  • Price @ Weekly Resistance
  • Bearish Crossover of the MACD Oscillator

If you have anything to add or a different point of view, feel free to comment!


Thanks and successful Trading :-)!

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.