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TaherJalili

Momentum for Breakout Building

Long
U.S. Dollar / Japanese Yen (FX:USDJPY)  
TaherJalili  
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Chart Patterns
6
0
trendanalysis chartpattern
Momentum is slowly building for a breakout in this pair.

Price has been steadily winding up and has not been able to break the session high or low of the large bearish engulfing bar that formed 9 days ago.

That is important because the longer the winding up goes on, normally the more explosive the breakout will be.



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