USDJPY BULLISH BREAKOUT
USDJPY has just broken upwards from a local pennant on the 4h charts and is now testing a resistance level.
A breakout of this resistance level would further confirm this bullish breakout and we'd expect price to run towards 3 (top of flag pattern).
After price moves to 3, there may be a big short opportunity. We will reassess as the time comes.
A breakout of this resistance level would further confirm this bullish breakout and we'd expect price to run towards 3 (top of flag pattern).
After price moves to 3, there may be a big short opportunity. We will reassess as the time comes.
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