Hi Traders!
There is a bull flag pattern developing on the USDJPY 1D chart.
Here are the details:
The price action looks bullish, and the market is currently in a consolidation phase in the flag's channel as the flag pattern is in its early phase. The market is still above the 20 EMA, which is a bullish signal. As long as the market remains above the EMA and flag channel support, we will remain bullish on this pair.
Preferred Direction: Buy
Resistance (FLAG CHANNEL): 148.830
Support (FLAG CHANNEL): 146.680
Technical Indicators: 20 EMA
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
BluetonaFX
There is a bull flag pattern developing on the USDJPY 1D chart.
Here are the details:
The price action looks bullish, and the market is currently in a consolidation phase in the flag's channel as the flag pattern is in its early phase. The market is still above the 20 EMA, which is a bullish signal. As long as the market remains above the EMA and flag channel support, we will remain bullish on this pair.
Preferred Direction: Buy
Resistance (FLAG CHANNEL): 148.830
Support (FLAG CHANNEL): 146.680
Technical Indicators: 20 EMA
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
BluetonaFX
