RaynLim

USDJPY-Weekly Market Analysis-Oct20,Wk4

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
Before we start sharing our take on USDJPY , do remember the USDJPY has been on a long term bearish trend , it created a series of lower-high on the higher timeframe.
On the 1-hourly timeframe, it shows a Bullish Gartley Pattern emerging. Usually, a Gartley Pattern has a V-Bottom when it approaches the Point D completion. With that said, always wait for candle confirmation especially when the entire trend is relatively bearish .
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