USDJPY

6 באוק׳ 2021

USDJPY looks to be in a cup and handle pattern right now and specifically in the bull flag phase (the handle). We can also see that this pattern also looks like a double bottom and retest of the neckline (white line) and a bounce off of that. I personally will wait for this one-hour candle to close before concluding if it's actually in any of these bullish patterns and would be looking to place my trade based on the outcome. The target for the bull flag assuming it plays out is at 112.179. Let's see how this goes.