U.S. Dollar / Japanese Yen
Long
Updated

USDJPY: Bullish Outlook & Potential Targets 🇺🇸🇯🇵

807
snapshot

Hey traders,

USDJPY keeps trading in a minor bullish trend from the end of April.
The pair is steadily growing within a rising wedge pattern.

Now the price is approaching its support.
I believe that probabilities are high that the pair will set a higher low again and will go higher.

Goals:
110.3
110.7

In case of a bearish breakout of support of the wedge, I will look for shorting opportunities.
Note
Check my new idea on EURCHF:
EURCHF: Demand Zone & Pullback 🇪🇺🇨🇭

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.