The technical analysis shows a bullish outlook for the USDJPY pair on the 4-hour timeframe, summarized as follows: The price was within a descending channel and broke upwards. After the breakout, a strong bullish impulse occurred. The price broke a previous structural level (price structure) and is currently retreating to form a pullback.
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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.