After few days of sleep, USDJPY woke up to breakout the Diamond Pattern. This invesrion pattern is super rare and super strong, and theorecically has its target at 118.7.
Lets be realistic here, (TP are on the chart), and set realistic targets. Then, once there, we can talk about 118. SL just below the last consolidation phase (117 area).
Also we are above both retracement areas you see in rectangles (a huge one in green and the last one in red) and JPY index is showing weakness
Lets be realistic here, (TP are on the chart), and set realistic targets. Then, once there, we can talk about 118. SL just below the last consolidation phase (117 area).
Also we are above both retracement areas you see in rectangles (a huge one in green and the last one in red) and JPY index is showing weakness
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