OANDA:EURUSD   Euro / U.S. Dollar
The JPY is in the middle of a huge flag and building for a massive breakout by the end of next week. The JPY pairs should make a huge move this week. My personal trade of the week is the GBPJPY. The GBPJPY has a massive channel on the 4 Hour or Daily (see chart below). I will buy a bounce off of support. If support fails, I might sell, but I'll wait for strong confirmation.

Expect all JPY pairs to make a big move this week.

If you want access to the Currency Matrix used on this chart, you can get it here: tradevision2020.com/

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.