USD/JPY has formed a Cup and Handle which the price has broken above the brim.
Before that was a down channel which was medium term. Since the price broke above it, it's been moving in a sideways consolidation range hence the C&H.
7>21 Price <200 -Mixed
RSI>50 - bullish
Target 143.87
OVERALL
Looks like the US dollar is in for strong upside against many currencies, which makes it easy to trade Forex at the moment.
Before that was a down channel which was medium term. Since the price broke above it, it's been moving in a sideways consolidation range hence the C&H.
7>21 Price <200 -Mixed
RSI>50 - bullish
Target 143.87
OVERALL
Looks like the US dollar is in for strong upside against many currencies, which makes it easy to trade Forex at the moment.
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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.
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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.