There is strong bullish momentum in USD/JPY and I have identified a potential cup and handle formation on the chart. This pattern typically signals a continuation of the upward trend after a period of consolidation. If the price successfully breaks above the previous high it could confirm the pattern and lead to a significant bullish rally
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.