USDJPY Yes, this pair was thrilling. But we see a possibility that this pair might be in its bottoming phase. Look at the last 3 candlesticks. They form a consolidation pattern. So here's our plan:
- The consolidated area is around 152 - 155.
- A long position can be done as long as this pair stands above 152.
- 155 as the first TP and then 157 as the next TP.
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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.