USDJPY : Bullish Pin Bar Could Push Price Higher Temporarily

FX:USDJPY   美元 / 日圓
USDJPY – Dollar/yen bullish pin bar could push price higher temporarily

For the USDJPY it’s been a quick sell-off in recent weeks but price seems to have found some solid long-term support down near 105.50 (zoom out your charts to see it better) and usdjpy has formed a bullish pin bar reversal there as of last Friday. Given that this pin bar formed at a long-term support level we could easily see usdjpy price push higher from here so it is a potential long signal whilst keeping in mind price is in a downtrend on the daily chart so any up-moves may terminate at nearby resistance levels. As a result, we can look usdjpy to potentially buy this pin bar , exiting longs near 108.00 and looking to rejoin the downtrend on bearish sell signal up near 108.27 resistance or the 21-day ema on a sell signal.
Hello Friends and my seniors this is my third chart pattern about usdjpy which i tried to brief clearly to all viewers here, my Trendanalysis are based or price action Trading.
Well if you found any mistake then you can acknowledge me to seek knowledge from seniors. Thank You
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