USDJPY: Intraday Technical Analysis
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From a technical point of view, on the intraday time frame the trend is bullish, but at the same time, we cannot exclude a corrective structure in the short term. The first Target of this Pattern is around 136.9 area.
If we look at the daily chart, at the moment the view remains the same, at least as long as the Price Action remains above support:
(Click and Play on Chart below)
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If we look at the daily chart, at the moment the view remains the same, at least as long as the Price Action remains above support:
(Click and Play on Chart below)
Trade with care!
Like if my analysis is useful.
Cheers!
Not
Not
Bullish impulsive structure was correct, and after reaching the Target (minimum), the pair triggered a pullback as expected. Trend is still bullish on hourly chart, and the Bulls are still ahead, so the bears will have to wait for some Reversal Pattern (something like a "Head & Shoulders", for example) before position taking.Not
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New update:Not
No Reversal Pattern has appeared and trend remains bullish on intraday chart. That said, at the same time, some corrective structure should appear in the coming hours....Not
Not
Target still in play...
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