Get started
EarlHoldings

USDJPY forming bullish pennant. Could break 131.20 level.

Long
U.S. Dollar / Japanese Yen (FX_IDC:USDJPY)  
EarlHoldings  
FX_IDC:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Technical Indicators
1
0
trendanalysis indicator
USDJPY is consolidating and forming a nice bullish pennant with a resistance line around 131.20. This gives around 100 pips of possible upside. Other USD crosses have run already, but the JPY has stalled.
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.