USDJPY: Your Trading Plan Explained 🇺🇸🇯🇵

2024年11月26日

USDJPY is trading within a rising parallel channel on a daily.
The price is currently testing its support.

To buy the market with a confirmation,
watch carefully a bullish flag pattern on a 4H time frame.

A bullish breakout of its resistance and a 4H candle close above will
give you a strong bullish signal.

With a high probability, the price will keep rising then
and reach at least 155.3 level.

Alternatively, a bearish breakout of a channel's support on
a daily may push the prices lower.

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