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anshuman_05

long USD/JPY

Long
U.S. Dollar / Japanese Yen (OANDA:USDJPY)  
anshuman_05 Updated   
OANDA:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Chart Patterns USDJPY foredxtrading Forex forexsignals dollar
2
0
trendanalysis chartpattern usdjpy foredxtrading forex forexsignals dollar
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.
Comment:
here is the daily chart to show the next resistance of some importance.
snapshot
Comment:
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
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