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U.S. Dollar / Japanese Yen
Long

long USD/JPY

By anshuman_05
Updated
Looks like another breakout from the consolidation pattern on the hourly timeframe. The pair has the next resistance only at 145 level. That is a lot of room to rally.
Note
here is the daily chart to show the next resistance of some importance.
snapshot
Note
Continue holding the trade as the DXY has also broken out from a consolidation pattern which will be a tailwind for the UD/JPY pair. Link below to the chart
snapshot
Trade closed: target reached
The yen basket is making a descending wedge which is a bullish pattern. Chart below. Hence booking the profits and moving out.
snapshot
Chart PatternsdollarforedxtradingForexforexsignalsTrend AnalysisUSDJPY
anshuman_05
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