Cabana Capitals Blog Technical Analysis Should we expect a breakout or a rebound on USDJPY?

Should we expect a breakout or a rebound on USDJPY?

Should we expect a breakout or a rebound 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 149.855 and it is expected to move to 149.4242.

Supported by RSI above 60

Target: 149.4242 Entry: 149.855 Stop: 150.323

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Post