Possible Bullish Shark or Cypher on USDJPY
USDJPYThe general direction seems to be up in an uptrend.
Weekly, daily, and hourly trend line respected.
Daily resistance was broken and retested for a buy possible to the extension zone 127.2 <>141.4 (next daily support) which form a possible C-Leg of a bullish cypher pattern.
Line colour code:
Weekly - Red
Daily - Orange
Hourly - Blue
Note
Shark pattern became invalid as the C-Leg of the Cypher was active
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.