USDJPY: Time to Recover?!

3 062
The USDJPY chart formed an inverted cup & handle pattern that has broken its neckline on a daily timeframe, signaling a confirmed Change of Character (CHoCH) and suggesting a potential bullish reversal.

This could lead to a market recovery and a possible move towards the 146.00 level in the near future.

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.