francesgurton

USDJPY - Flag Pattern

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
Flag pattern clearing forming on 1H chart.

This pattern can also be seen up to the 4H chart.

This flag pattern is a possible indication of a continuation of the bullish trend we have seen on USDJPY in recent weeks.

Strong rejection at support @ 108.40 would confirm a buy or you could wait until the break out and retest at 108.80 for a more risk off-trade.
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