A well-defined cup and handle pattern has emerged on the 4-hour USDJPY chart, signaling a potential reversal and buying opportunity
Market Analysis
The pair has been consolidating within a distinct range, forming a cup-shaped correction. A bullish handle has formed, indicated a potential upside breakout. The hawkish Fed outlook and rising US yields continue to support the USD.
Trading Strategy
Entry Zone: 157.200 - 157.700
Stop Loss: 155.000
1. TP1: 159.000
2. TP2: 160.200
3. TP3: 161.500
4. TP4: 162.700
Market Analysis
The pair has been consolidating within a distinct range, forming a cup-shaped correction. A bullish handle has formed, indicated a potential upside breakout. The hawkish Fed outlook and rising US yields continue to support the USD.
Trading Strategy
Entry Zone: 157.200 - 157.700
Stop Loss: 155.000
1. TP1: 159.000
2. TP2: 160.200
3. TP3: 161.500
4. TP4: 162.700
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免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。