USD/JPY-1 Hour overview
Hello everybody!
-On a 1-hour chart, we can see that the price formed a very nice triangle pattern.
-We can expect that the price is going to break through the resistance line or that the price is going to break the support line of a triangle pattern.
-On a daily base USD and JPY are at a similar level but USD is just little bit stronger and on a 4-hour base, USD is stronger than JPY
-If USD remains stronger than JPY then we can expect that the price will break through the resistance line of a triangle pattern and IF JPY gains more power then we can expect that the price will break through the support line of a triangle pattern.
-WHAT DO YOU THINK ABOUT THIS SETUP?
Please let me know in the comment section!
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support, I will appreciate every support.
-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial
advice.
-On a 1-hour chart, we can see that the price formed a very nice triangle pattern.
-We can expect that the price is going to break through the resistance line or that the price is going to break the support line of a triangle pattern.
-On a daily base USD and JPY are at a similar level but USD is just little bit stronger and on a 4-hour base, USD is stronger than JPY
-If USD remains stronger than JPY then we can expect that the price will break through the resistance line of a triangle pattern and IF JPY gains more power then we can expect that the price will break through the support line of a triangle pattern.
-WHAT DO YOU THINK ABOUT THIS SETUP?
Please let me know in the comment section!
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support, I will appreciate every support.
-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial
advice.
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.
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.