Elemont

USDJPY POTENTIAL BREAKOUT

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
USDJPY has just broken out of a narrow flag pattern & bounced off the 200 MA, so we expect price to go and retest the former trendline.

Do note USDJPY broke out of a more major flag pattern lower, so overall trend remains bearish. Manage your risk accordingly.

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.