After making a high around 112 at the beginning of July, UsdJpy has started to drop.
The drop is clearly corrective in nature and is contained in a flag pattern.
2 days ago a bullish engulfing candlestick pattern has formed and this can be an indication of a bottom.
I;m bullish as long as the price is above 108.75 and buy dips is my strategy
The drop is clearly corrective in nature and is contained in a flag pattern.
2 days ago a bullish engulfing candlestick pattern has formed and this can be an indication of a bottom.
I;m bullish as long as the price is above 108.75 and buy dips is my strategy
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
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📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Related publications
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.