USDJPY Hourly Bullish Flag Forming
USDJPY cannot hold above 109 today which is ann important level in the short term. The 1-hour chart is showing us that it could be a bullish flag formation
The levels we must watch in mind are the following: 106.937, 108.168, 108.585 - 109.250, 110.193, 111.668
Note: This would be in the event that the ascending channel is broken
What do we have here?
✔️ Bull Flag Formation
✔️ USDJPY- Failed at Resistance Level
Thank you, Connor,
Please feel free to follow me to get more analysis. On Tradingview I share 1hr, 4hr, 1D, 1W charting analysis across major instruments only. For more short term analysis and trading ideas please subscribe to The Margin Call.
The levels we must watch in mind are the following: 106.937, 108.168, 108.585 - 109.250, 110.193, 111.668
Note: This would be in the event that the ascending channel is broken
What do we have here?
✔️ Bull Flag Formation
✔️ USDJPY- Failed at Resistance Level
Thank you, Connor,
Please feel free to follow me to get more analysis. On Tradingview I share 1hr, 4hr, 1D, 1W charting analysis across major instruments only. For more short term analysis and trading ideas please subscribe to The Margin Call.
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