Cabana Capitals Blog Technical Analysis A potential bearish movement on USDJPY

A potential bearish movement on USDJPY

A potential bearish movement on USDJPY post thumbnail image

Emerging Channel Up detected on USDJPY – the pattern is an emerging one and has not yet broken through resistance, but the price is expected to move up over the next few hours. The price at the time the pattern was found was 144.757 and it is expected to move to 144.0370.

Target: 144.037 Entry: 144.757 Stop: 145.557

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