USDJPY-Weekly Market Analysis-Oct20,Wk4

25 באוק׳ 2020

Before we start sharing our take on USDJPY, do remember the USDJPY has been on a long term bearish trend, it created a series of lower-high on the higher timeframe.
On the 1-hourly timeframe, it shows a Bullish Gartley Pattern emerging. Usually, a Gartley Pattern has a V-Bottom when it approaches the Point D completion. With that said, always wait for candle confirmation especially when the entire trend is relatively bearish.