This is a 4H chart for
USDJPY
Probability : Long
The
USDJPY
is a trading at a level where price bounced up several times, the dollar is showing some strength which can form an uptrend on this pair, also we have AB=CD pattern and inverse head and shoulders, price was in the bottom side of the channel for a while and now is right on the middle so any break above the middle line can send the price to 23.60% Fibo level. On the other side, any failure to break up the middle line and also the EMA100 will send the price again to the support zone and even lower.
Updates will be available later.
This is not a signal, it's just my opinion, Good luck
USDJPY
Probability : Long
The
USDJPY
is a trading at a level where price bounced up several times, the dollar is showing some strength which can form an uptrend on this pair, also we have AB=CD pattern and inverse head and shoulders, price was in the bottom side of the channel for a while and now is right on the middle so any break above the middle line can send the price to 23.60% Fibo level. On the other side, any failure to break up the middle line and also the EMA100 will send the price again to the support zone and even lower. Updates will be available later.
This is not a signal, it's just my opinion, Good luck
Trade closed: target reached