JPYUSD had been consolidating nicely in a pennant type pattern. Two days ago, we saw a nice breakout. Is it too late to get in on this? Check out the levels. Currently, we appear to be in a vacuum area, with the nearest point of support from below on August 28th. After that, we have to reach back to August 12th. Further, as shown in the attached link, the fundamentals really aren't there either.
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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.