USDJPY formed bullish shark | A good long opportunityAfter successful formation of bullish Shark pattern the price line of US Dollar / Japanese Forex pair Yen has formed another bullish shark pattern.
Even though the price action has hit the sell zone upto 0.382 fibonacci but all indicators are still turning bullish therefore I am expecting more profit.
MACD is turning bullish
Stochastic is oversold and has given bull cross
Volume profile is showing less interest of traders at this area.
I have used Fibonacci sequence to set the targets:
Buy between: 105.502 to 103.691
Sell between: 107.035 to 110.572
Regards,
Atif Akbar (moon333)
