The 4 hourly chart shows that the USD/JPY failed again to get in the 108.000 area, where the strong resistance, well signaled by the 100 period EMA, reports that we are still in bear territory. However, higher lows are showing up, suggesting that a triangle pattern may occur.
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.