Dolar A.S. / Yen Jepun
Panjang

USDJPY Bull Flag Pattern

502
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

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Trade safely and responsibly.

BluetonaFX

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