U.S. Dollar / Japanese Yen
Long
Updated

DeGRAM | USDJPY growth in the channel

1012
USDJPY is in an ascending channel between the trend lines.

The price is moving from the lower boundary of the channel.

On the 1H Timeframe indicators have formed a bullish convergence.

The chart has formed a harmonic pattern.

We expect USDJPY to move towards the nearest resistance coinciding with the 38.2% retracement level.

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Trade closed: target reached
The chart successfully reached the resistance level, closing our target +224 pips

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